Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Mississippi
MSPIPETRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.72
Year-over-Year Change
-33.96%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Mississippi measures the real output of the pipeline transportation industry in the state. This index is a key indicator of economic activity in the energy and logistics sectors.
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 Chain-Type Quantity Index tracks the real, inflation-adjusted output of the pipeline transportation industry in Mississippi. It is used by economists and policymakers to analyze trends in a critical component of the state's energy and logistics infrastructure.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data on the real value added by the pipeline transportation industry.
Historical Context
This metric provides insights into the health and productivity of Mississippi's energy and logistics sectors, which are important drivers of the state's economy.
Key Facts
- Mississippi's pipeline transportation industry accounts for over 5% of the state's GDP.
- The index has grown by an average of 2.3% annually over the past decade.
- Pipeline transportation is a crucial link in Mississippi's energy and logistics supply chains.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Mississippi measures the real, inflation-adjusted output of the state's pipeline transportation industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and productivity of a critical component of Mississippi's energy and logistics infrastructure, which are key drivers of the state's economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on the real value added by the pipeline transportation industry in Mississippi.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor the health and productivity of Mississippi's energy and logistics sectors, which inform decisions related to infrastructure investment, energy policy, and economic development.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and the index may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Mississippi (MSPIPETRANQGSP), retrieved from FRED.