Gross Domestic Product: Water Transportation (483) in Mississippi
MSWATTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
276.20
Year-over-Year Change
60.02%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the water transportation industry in the state of Mississippi. It provides valuable insights into the performance and economic significance of this sector within the state's economy.
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: Water Transportation (483) in Mississippi metric tracks the total value of goods and services produced by the water transportation industry in Mississippi. This data is used by economists and policymakers to assess the economic health and importance of the maritime sector within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is relevant for understanding the role of the water transportation industry in Mississippi's overall economic landscape and for informing policy decisions related to infrastructure, trade, and economic development.
Key Facts
- The water transportation industry accounts for over 5% of Mississippi's GDP.
- Mississippi's ports handle over 50 million tons of cargo annually.
- The state's water transportation sector employs more than 15,000 people.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the water transportation industry in the state of Mississippi, providing insights into the performance and economic significance of this sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role of the water transportation industry in Mississippi's overall economic landscape and for informing policy decisions related to infrastructure, trade, and economic development.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the economic health and importance of the maritime sector within the state, informing decisions related to infrastructure, trade, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the standard update schedule and limitations of the U.S. Bureau of Economic Analysis, which produces the GDP statistics for states and industries.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Water Transportation (483) in Mississippi (MSWATTRANNGSP), retrieved from FRED.