Real Gross Domestic Product: Transportation and Warehousing (48-49) in Mississippi
MSTRANSWARERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,444.90
Year-over-Year Change
-1.92%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the real gross domestic product (GDP) for the transportation and warehousing sector in Mississippi. It provides insights into the economic performance and growth of this key industry in 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 Gross Domestic Product: Transportation and Warehousing (48-49) in Mississippi series represents the inflation-adjusted value added by the transportation and warehousing industry to the state's overall economic output. It is a critical indicator for understanding the health and productivity of this sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is widely used by policymakers, analysts, and businesses to evaluate the state's economic conditions and inform decision-making.
Key Facts
- Mississippi's transportation and warehousing sector accounts for over 5% of the state's GDP.
- This trend has shown steady growth over the past decade, reflecting the importance of logistics in the state's economy.
- The COVID-19 pandemic had a significant impact on this sector, leading to a sharp decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) for the transportation and warehousing industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and growth of a critical sector in Mississippi's economy, which is crucial for policymakers, businesses, and researchers to evaluate the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and businesses to assess the state's economic conditions and inform decision-making, particularly in areas related to infrastructure, transportation, and logistics.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, so it may not reflect the most recent economic conditions. Additionally, the trend is limited to the transportation and warehousing sector in Mississippi and does not provide a comprehensive view of the state's overall economic performance.
Related Trends
Housing Inventory: Price Reduced Count Month-Over-Month in Mississippi
PRIREDCOUMMMS
All Employees: Private Service Providing in Mississippi
SMS28000000800000001
Coefficient for Industrial Carbon Dioxide Emissions, Industrial Other for Mississippi
EMISSCO2CCLICBMSA
Estimate of People Age 0-17 in Poverty in Mississippi
PEU18MS28000A647NCEN
Electric Power Carbon Dioxide Emissions, Coal (Electric Utility) for Mississippi
EMISSCO2VCLEIBMSA
Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Mississippi
MSFNDTRSTQGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Warehousing (48-49) in Mississippi (MSTRANSWARERQGSP), retrieved from FRED.