Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Mississippi
MSTRANSUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.02
Year-over-Year Change
20.44%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Mississippi measures the real output of the transportation and utilities sectors in the state's economy. This index is an important economic indicator for understanding productivity and growth trends in these key industries.
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 volume of real economic output from Mississippi's transportation and utilities sectors, which include industries such as air transportation, rail transportation, water transportation, truck transportation, and utilities. It is a valuable tool for analyzing the state's economic performance and identifying trends that may impact policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state program.
Historical Context
This index is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of Mississippi's transportation and utilities sectors.
Key Facts
- Mississippi's transportation and utilities sectors account for over 10% of the state's GDP.
- The index has grown by 3.2% on average over the past 5 years.
- This metric is a key input for infrastructure investment and regulatory decisions.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or productivity of Mississippi's transportation and utilities sectors, including industries like air, rail, water, and truck transportation, as well as utilities.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of economic activity and competitiveness in key Mississippi industries. It provides valuable insights for policymakers, businesses, and investors monitoring the state's economic performance.
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 their GDP by state program.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers, economists, and industry analysts to assess the health and competitiveness of Mississippi's transportation and utilities sectors, informing decisions on infrastructure investment, regulation, and economic development.
Q: Are there update delays or limitations?
A: The index data is typically released by the BEA on a quarterly basis, with a lag of several months. There may also 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: Transportation and Utilities (22, 48-49) in Mississippi (MSTRANSUTILQGSP), retrieved from FRED.