Gross Domestic Product: Transportation and Utilities (22, 48-49) in Mississippi
MSTRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,152.90
Year-over-Year Change
82.45%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the Gross Domestic Product (GDP) contribution of the transportation and utilities sectors in Mississippi. It provides insight into the state's economic activity and infrastructure.
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 transportation and utilities sector includes industries such as air transportation, rail transportation, water transportation, truck transportation, transit and ground passenger transportation, pipeline transportation, and electric power, natural gas, and water supply. This data series is a key indicator of Mississippi's economic performance and investment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and businesses use this data to understand Mississippi's economic composition and make informed decisions.
Key Facts
- Mississippi's transportation and utilities sector accounts for a significant portion of its overall GDP.
- The transportation and utilities sector is a key driver of economic activity in the state.
- This data is used by policymakers to inform infrastructure investment and economic development strategies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) contribution of the transportation and utilities sectors in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Mississippi's economic composition and infrastructure, which is valuable for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this data to understand Mississippi's economic structure and make informed decisions about infrastructure investment and economic development strategies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delay in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Mississippi (MSTRANSUTILNGSP), retrieved from FRED.