Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Mississippi
Annual, Not Seasonally Adjusted
MSOTHSERVENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,637.10
Year-over-Year Change
54.09%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures annual changes in real output for the other services sector in the United States. This metric provides insights into the performance and productivity of the broader service industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Annual, Not Seasonally Adjusted' trend tracks the year-over-year change in real value added for the other services sector, which includes a diverse range of industries such as personal care, repair and maintenance, and religious organizations. This indicator is used by economists and policymakers to assess the health and trajectory of the U.S. service economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
This trend is closely monitored by economists, investors, and policymakers to gauge the overall strength of the U.S. service sector and its contribution to economic growth.
Key Facts
- The other services sector accounts for approximately 4% of U.S. gross domestic product.
- This trend has shown consistent year-over-year growth since the Great Recession.
- The COVID-19 pandemic had a significant impact on the other services sector in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the year-over-year change in real output for the other services sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and productivity of the broader U.S. service industry, which is a critical component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, investors, and policymakers to gauge the overall strength of the U.S. service sector and its contribution to economic growth.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MSOTHSERVENGSP), retrieved from FRED.