Chain-Type Quantity Index for Real GDP: Educational Services (61) in Mississippi
MSEDCATQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.58
Year-over-Year Change
-28.49%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Mississippi measures the real output of the educational services industry in the state. This metric is crucial for economists and policymakers to track the productivity and growth of this key 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 Chain-Type Quantity Index for Real GDP: Educational Services (61) in Mississippi is a chain-weighted index that tracks the real output of the educational services industry in the state. It is a key indicator of economic activity and productivity in this important sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity information.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess the health and performance of Mississippi's educational services industry.
Key Facts
- The index has a base year of 2012.
- Educational services account for around 3% of Mississippi's GDP.
- The index reached a record high in 2019 before declining in 2020.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Mississippi measures the real output of the educational services industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to track the productivity and growth of Mississippi's educational services industry, a key sector of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity information.
Q: How is this trend used in economic policy?
A: This index is used by economists, policymakers, and market analysts to assess the health and performance of Mississippi's educational services industry and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis with a typical release delay of 1-2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services (61) in Mississippi (MSEDCATQGSP), retrieved from FRED.