Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Mississippi
MSSAMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.86
Year-over-Year Change
-16.45%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Mississippi measures the volume of economic output in the support activities for mining sector in Mississippi, adjusted for inflation.
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 index tracks changes in the real (inflation-adjusted) gross domestic product (GDP) of the support activities for mining industry in Mississippi. It is a key indicator for understanding the state's economic performance and trends in the mining support sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using the chained-dollar valuation method.
Historical Context
This trend is used by economists and policymakers to assess the health and growth of Mississippi's mining support industry and its contribution to the state's overall economic activity.
Key Facts
- The base year for this index is 2012.
- Mining support activities account for a significant portion of Mississippi's GDP.
- This index is seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) volume of economic output in the support activities for mining industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the performance and growth of Mississippi's mining support sector, which is an important component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using the chained-dollar valuation method.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health and growth of the mining support industry in Mississippi and its contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is subject to regular updates by the Bureau of Economic Analysis, with some minor delays in publication.
Related Trends
Average Weekly Hours of All Employees: Goods Producing in Mississippi
SMU28000000600000002A
Residential Carbon Dioxide Emissions, Residential for Mississippi
EMISSCO2VCLRCBMSA
Industrial Carbon Dioxide Emissions, Kerosene for Mississippi
EMISSCO2VKSICBMSA
Gross Domestic Product: Wood Product Manufacturing (321) in Mississippi
MSWPMANNGSP
All Employees: Wholesale Trade in Mississippi
SMU28000004100000001
High-Propensity Business Applications for Mississippi
HBUSAPPWNSAMS
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Mississippi (MSSAMINQGSP), retrieved from FRED.