Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Mississippi
MSSECCOMINVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
250.20
Year-over-Year Change
89.98%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) for the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in the state of Mississippi. It provides insights into the economic performance of this key financial sector within the state.
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: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Mississippi series tracks the total economic output of this industry in the state. It is an important indicator for understanding the overall health and competitiveness of Mississippi's financial services sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its state-level GDP estimates.
Historical Context
This trend is relevant for policymakers, investors, and analysts seeking to assess the financial industry's contribution to Mississippi's economy.
Key Facts
- Mississippi's financial services sector accounted for 4.2% of state GDP in 2021.
- This industry has experienced 3.1% annualized growth in Mississippi over the past 5 years.
- The securities and investments subsector makes up the largest share of financial activities in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) for the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and competitiveness of Mississippi's financial services sector, which is an important driver of the state's overall economic growth.
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 its state-level GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts use this trend to assess the financial industry's contribution to Mississippi's economy and inform decisions related to economic development, regulation, and investments.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. There may also be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Mississippi (MSSECCOMINVNGSP), retrieved from FRED.