Gross Domestic Product: Utilities (22) in Mississippi
MSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,778.90
Year-over-Year Change
66.33%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Utilities (22) in Mississippi measures the economic output of the utilities sector in the state. This trend is crucial for understanding the broader performance of Mississippi's economy and informing policy decisions.
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 Gross Domestic Product: Utilities (22) in Mississippi represents the total value added by the utilities industry, including electricity, natural gas, and water supply, to the state's overall economic production. This metric provides insight into the health and contribution of the utilities sector, which is a key infrastructure component for both businesses and households.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including surveys and administrative records.
Historical Context
Policymakers and analysts use this trend to assess the competitiveness and efficiency of Mississippi's utilities sector and its impact on the state's economic growth and development.
Key Facts
- Mississippi's utilities sector accounts for approximately 3% of the state's GDP.
- Utilities GDP in Mississippi has grown by 2.5% annually over the past 5 years.
- The utilities industry employs over 15,000 workers in Mississippi.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Utilities (22) in Mississippi measures the total economic output of the utilities sector, including electricity, natural gas, and water supply, 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 contribution of the utilities industry to Mississippi's overall economic growth, which is crucial for policymakers, investors, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the competitiveness and efficiency of Mississippi's utilities sector and its impact on the state's economic growth and development, informing policy decisions and investments.
Q: Are there update delays or limitations?
A: The Gross Domestic Product: Utilities (22) in Mississippi data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in Mississippi (MSUTILNGSP), retrieved from FRED.