Real Gross Domestic Product: Utilities (22) in Mississippi
MSUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,744.70
Year-over-Year Change
19.44%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the real gross domestic product (GDP) of the utilities sector in Mississippi. It provides insight into the economic performance and productivity 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 Gross Domestic Product: Utilities (22) in Mississippi series tracks the inflation-adjusted output of the utilities industry, including electricity, natural gas, and water supply. This metric is used by economists and policymakers to analyze sectoral contributions to overall state economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting procedures.
Historical Context
Trends in utilities GDP are monitored for their implications on state energy policy, infrastructure investment, and the broader economic climate.
Key Facts
- Utilities contribute approximately 2.5% to Mississippi's total GDP.
- This series has shown modest annual growth of 1-2% over the past decade.
- The utilities sector employs over 12,000 workers in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product of the utilities industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: Trends in utilities GDP provide insights into the productivity, investment, and economic contributions of this key industry within the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting procedures.
Q: How is this trend used in economic policy?
A: Utilities GDP is monitored by policymakers and analysts for its implications on state energy policy, infrastructure investment, and the broader economic climate.
Q: Are there update delays or limitations?
A: This series is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in Mississippi (MSUTILRGSP), retrieved from FRED.