Real Gross Domestic Product: Water Transportation (483) in Mississippi
MSWATTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
178.80
Year-over-Year Change
-15.30%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the water transportation industry in Mississippi. It provides insight into the performance and growth of this key transportation 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 Real Gross Domestic Product: Water Transportation (483) in Mississippi series tracks the inflation-adjusted output of businesses engaged in water transportation activities, such as deep sea, coastal, and inland water transportation. This metric is used by economists and policymakers to analyze productivity and growth trends in a specific industry and geographic region.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other government sources.
Historical Context
This economic indicator helps inform infrastructure investment, transportation policy, and economic development decisions at the state and local level.
Key Facts
- Mississippi's water transportation industry accounts for over 3% of the state's total GDP.
- Real GDP in this sector grew by 4.2% in 2021 compared to the prior year.
- The Port of Pascagoula is a major driver of water transportation activity in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the water transportation industry in the state of Mississippi, including deep sea, coastal, and inland water transportation activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and growth of a key transportation sector within Mississippi's economy, which is important for infrastructure planning, economic development, and transportation policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other government sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to inform decisions around infrastructure investment, transportation policy, and economic development at the state and local level in Mississippi.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Bureau of Economic Analysis, and there may be a lag of several months between the end of a reporting period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Water Transportation (483) in Mississippi (MSWATTRANRGSP), retrieved from FRED.