Gross Domestic Product: Transportation and Warehousing (48-49) in Mississippi
MSTRANSWARENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,536.10
Year-over-Year Change
6.96%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Transportation and Warehousing (48-49) in Mississippi measure the economic output of the transportation and warehousing sector in the state. This trend is important for understanding the state's economic activity and growth.
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 series tracks the total value added by the transportation and warehousing industry in Mississippi, which includes businesses engaged in the movement of passengers and cargo, as well as related warehousing and storage activities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their annual GDP by state estimates.
Historical Context
Policymakers and analysts use this data to assess the performance and competitiveness of Mississippi's logistics and distribution industries.
Key Facts
- Mississippi's transportation and warehousing sector accounts for over 6% of the state's GDP.
- The sector has grown by an average of 2.5% annually over the past 5 years.
- Logistics and distribution are major drivers of economic activity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or value added by the transportation and warehousing industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the performance and importance of Mississippi's logistics and distribution sectors, which are key drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated annually by the U.S. Bureau of Economic Analysis as part of their GDP by state estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the competitiveness of Mississippi's transportation and warehousing industries and to inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Warehousing (48-49) in Mississippi (MSTRANSWARENQGSP), retrieved from FRED.