Chain-Type Quantity Index for Real GDP: Federal Civilian in Mississippi
MSGOVFEDCIVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.68
Year-over-Year Change
8.57%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Federal Civilian in Mississippi measures the inflation-adjusted output of the federal civilian government sector in the state. This metric is critical for economists and policymakers to assess the fiscal and economic health of the region.
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
This index tracks changes in the real output of federal civilian government activities in Mississippi over time. It is a key component of the state's overall real GDP, providing insight into the productivity and contribution of the public sector to the regional economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula applied to government spending figures.
Historical Context
This metric is widely used by economists, analysts, and policymakers to monitor the economic performance and fiscal policies of state and local governments.
Key Facts
- The index is measured with 2012 as the base year.
- Mississippi's federal civilian government sector accounts for approximately 3% of the state's total real GDP.
- The index has shown steady growth over the past decade, reflecting increased government spending and employment.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output or productivity of the federal civilian government sector in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the fiscal health and economic contribution of the public sector in Mississippi, which is crucial information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula applied to government spending figures.
Q: How is this trend used in economic policy?
A: This index is widely used by economists, analysts, and policymakers to monitor the economic performance and fiscal policies of state and local governments.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Federal Civilian in Mississippi (MSGOVFEDCIVQGSP), retrieved from FRED.