Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Mississippi
MSGOVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.14
Year-over-Year Change
1.45%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Mississippi measures the real output of the government sector in the state's economy. This metric is crucial for analyzing the economic role and performance of the public 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
This index tracks the volume of goods and services produced by government agencies and enterprises in Mississippi, adjusting for inflation. It provides insight into the state's public sector activity and its contribution to overall economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted method to measure real GDP.
Historical Context
Policymakers and economists use this index to understand the government's economic impact and inform decisions on public spending and investment.
Key Facts
- The index is measured with 2012 as the base year.
- Government and government enterprises account for over 15% of Mississippi's real GDP.
- The index has grown by an average of 1.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output of the government sector in Mississippi's economy, including public agencies and government-owned enterprises.
Q: Why is this trend relevant for users or analysts?
A: The government sector is a significant component of the state's economy, so this index provides important insights into public sector activity and its contribution to overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted method to measure real GDP.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to understand the government's economic impact and inform decisions on public spending and investment.
Q: Are there update delays or limitations?
A: The index is updated quarterly, with a lag of about two months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Mississippi (MSGOVQGSP), retrieved from FRED.