Gross Domestic Product: Pipeline Transportation (486) in Mississippi
MSPIPETRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
198.30
Year-over-Year Change
8.30%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Pipeline Transportation (486) in Mississippi' series measures the economic output of the pipeline transportation industry in the state of Mississippi. This metric is important for economists and policymakers to analyze the health and productivity of this key infrastructure sector.
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
This economic trend represents the gross domestic product (GDP) contribution of the pipeline transportation industry, which encompasses the transportation of natural gas, crude oil, refined petroleum products, and other commodities through pipelines. The GDP for this industry segment is a key indicator of economic activity and investment in Mississippi's energy infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting for individual states.
Historical Context
Monitoring trends in pipeline transportation GDP helps inform economic and energy policy decisions at the state and national level.
Key Facts
- Mississippi's pipeline transportation GDP was $762 million in 2021.
- This industry accounted for 0.8% of the state's total economic output.
- Pipeline transportation GDP has grown by 24% in Mississippi over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) contribution of the pipeline transportation industry in the state of Mississippi, encompassing the movement of natural gas, crude oil, and other commodities through pipelines.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the GDP of the pipeline transportation sector is important for understanding the health and productivity of this critical energy infrastructure in Mississippi, which supports broader economic activity in the state.
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 their comprehensive GDP reporting for individual states.
Q: How is this trend used in economic policy?
A: Trends in pipeline transportation GDP help inform energy and infrastructure policy decisions at the state and national level, as this industry segment is a key component of the broader energy system.
Q: Are there update delays or limitations?
A: The pipeline transportation GDP data for Mississippi is published annually by the Bureau of Economic Analysis, with a typical 1-year lag in the most recent figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Pipeline Transportation (486) in Mississippi (MSPIPETRANNGSP), retrieved from FRED.