Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Mississippi
MSTRANSUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,144.70
Year-over-Year Change
20.44%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the transportation and utilities sector in Mississippi. It provides insight into the productivity and economic performance of this key industry 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 real GDP for the transportation and utilities sector in Mississippi represents the total inflation-adjusted economic output of this industry, which includes activities such as air, rail, water, and road transportation, as well as electric, gas, and sanitary services. This metric is used by economists to analyze the relative strength and contribution of this sector to the state's overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the health and competitiveness of Mississippi's transportation and utility infrastructure.
Key Facts
- Mississippi's transportation and utilities sector accounts for approximately 11% of the state's total GDP.
- This industry has shown steady growth, with an average annual increase of 2.5% over the past decade.
- The transportation and utilities sector is a major employer in Mississippi, accounting for over 65,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the transportation and utilities sector in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the productivity and economic performance of a key industry in Mississippi, which is important 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 using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess the health and competitiveness of Mississippi's transportation and utility infrastructure, which is crucial for the state's economic growth and development.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Mississippi (MSTRANSUTILRGSP), retrieved from FRED.