Real Gross Domestic Product: All Industry Total in Mississippi
MSRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124,551.10
Year-over-Year Change
7.13%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: All Industry Total in Mississippi measures the inflation-adjusted total economic output of all industries in the state. It is a key indicator of Mississippi's overall economic health and growth.
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 metric tracks the total value of goods and services produced in Mississippi, adjusted for price changes. It is widely used by economists and policymakers to assess the state's economic performance and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in Mississippi's real GDP are closely monitored for their implications on employment, investment, and policy decisions.
Key Facts
- Mississippi's real GDP reached a record high in 2019.
- The state's economy contracted in 2020 due to the COVID-19 pandemic.
- Manufacturing and healthcare are key drivers of Mississippi's economic output.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: All Industry Total in Mississippi measures the total value of goods and services produced in the state, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of Mississippi's overall economic performance and is closely monitored by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Trends in Mississippi's real GDP are used to assess the state's economic health, inform policy decisions, and guide investment and employment strategies.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: All Industry Total in Mississippi (MSRQGSP), retrieved from FRED.