Real Gross Domestic Product: Wholesale Trade (42) in Mississippi
MSWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,747.90
Year-over-Year Change
5.31%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) for the wholesale trade industry in Mississippi. It is an important indicator of the state's economic activity and performance in the wholesale trade sector.
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: Wholesale Trade (42) in Mississippi series tracks the inflation-adjusted value of goods and services produced by the wholesale trade industry in the state. This metric is used by economists and policymakers to analyze the health and productivity of Mississippi's wholesale trade 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 provides insight into the broader economic conditions and trade dynamics within Mississippi that can inform policy decisions and business strategies.
Key Facts
- Mississippi's wholesale trade sector accounts for over 10% of the state's total GDP.
- The real GDP for wholesale trade in Mississippi has grown by 3.2% on average over the past 5 years.
- Wholesale trade is one of the largest private industry sectors in Mississippi's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) for the wholesale trade industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the performance and productivity of Mississippi's wholesale trade sector, which is a key component of the state's overall economic activity.
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: Trends in Mississippi's wholesale trade GDP can inform policy decisions related to trade, business regulations, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Mississippi (MSWHOLERGSP), retrieved from FRED.