Gross Domestic Product: Retail Trade (44-45) in Mississippi
MSRETAILNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,366.50
Year-over-Year Change
17.46%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) of the retail trade industry in Mississippi. It provides insights into the health and performance of this critical sector of the state's economy.
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 Gross Domestic Product: Retail Trade (44-45) in Mississippi series captures the total economic output of the retail trade industry within the state. It is an important indicator of consumer spending, business investment, and overall economic activity in the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This GDP metric is closely monitored by policymakers, businesses, and economic analysts to assess the strength of Mississippi's retail sector and its contribution to the state's economic growth.
Key Facts
- Mississippi's retail trade GDP was $15.8 billion in 2021.
- The retail trade sector accounts for over 10% of Mississippi's total GDP.
- Retail GDP growth in Mississippi has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the retail trade industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and health of Mississippi's retail sector, which is a critical component of the state's 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 using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and economic analysts closely monitor this GDP metric to assess the strength of Mississippi's retail sector and its contribution to the state's economic growth.
Q: Are there update delays or limitations?
A: The data is published with a lag, but it provides a comprehensive and reliable measure of the retail trade industry's economic output in Mississippi.
Related Trends
Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Mississippi
MSPCEPCGAS
Number of Insured Nonmember Commercial Banks in Mississippi
X08CBNMBIMS
Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Mississippi
MSCPUSYSDSGNRGSP
Regional Price Parities: Goods for Mississippi
MSRPPGOOD
Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Mississippi
MSRERENTLEARGSP
Real Gross Domestic Product: Military in Mississippi
MSGOVFEDMILRGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Retail Trade (44-45) in Mississippi (MSRETAILNQGSP), retrieved from FRED.