Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Mississippi
MSOTHTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,182.20
Year-over-Year Change
107.88%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real output of the other transportation and support activities sector in Mississippi, which includes industries such as transportation, warehousing, and related services.
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 GDP for Other Transportation and Support Activities in Mississippi captures the economic activity and production in this important segment of the state's economy. It is a valuable indicator for policymakers and analysts to understand the performance and dynamics of this key industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
This trend provides insight into the transportation and logistics infrastructure that supports Mississippi's broader economic activity.
Key Facts
- Mississippi's other transportation and support activities GDP was $3.9 billion in 2021.
- This sector accounts for about 3% of Mississippi's total economic output.
- The transportation and logistics industry is a key driver of economic growth in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or gross domestic product (GDP) of the other transportation and support activities sector in Mississippi, which includes industries like transportation, warehousing, and related services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into a key segment of Mississippi's economy that supports broader economic activity in the state. It is a valuable indicator for policymakers and analysts to understand the performance and dynamics of the transportation and logistics industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: This trend can inform economic policymakers and planners about the health and growth of Mississippi's transportation and logistics infrastructure, which is crucial for supporting the state's overall economic activity and competitiveness.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is part of the Bureau of Economic Analysis's comprehensive GDP reporting for states and industries.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Mississippi (MSOTHTRANNGSP), retrieved from FRED.