Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Mississippi
MSTRADEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.73
Year-over-Year Change
23.84%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Mississippi measures the inflation-adjusted output of the trade sector in the state's economy. It is a key indicator of economic activity and consumer demand.
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 the real volume of trade-related industries, including wholesale and retail trade, in Mississippi. It is used by economists and policymakers to gauge the health and growth of the state's commercial activities.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to national accounts.
Historical Context
Trends in this index provide insights into consumer spending, business investment, and overall economic conditions in Mississippi.
Key Facts
- This index has a base year of 2012.
- The trade sector accounts for over 15% of Mississippi's GDP.
- The index reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted volume of trade-related economic activity, including wholesale and retail trade, in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide important insights into consumer spending patterns, business investment, and the overall health of Mississippi's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to gauge the strength of consumer demand and commercial activity in Mississippi, which informs decisions on fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with a slight delay in publication. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Mississippi (MSTRADEQGSP), retrieved from FRED.