Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Mississippi
MSGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.69
Year-over-Year Change
2.68%
Date Range
1/1/2005 - 1/1/2025
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. This metric is important for understanding the economic impact of government activity and evaluating fiscal policy decisions.
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 quantity of real gross domestic product (GDP) produced by the government and government enterprises sector in Mississippi. It provides a measure of the inflation-adjusted value of government services and is used to analyze the contribution of the public sector to the state's overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to track changes in real output over time.
Historical Context
Policymakers and economists use this index to assess the role of government in Mississippi's economy and inform decisions around fiscal policy, budgeting, and public investment.
Key Facts
- The index is calculated using a base year of 2012.
- Government and government enterprises account for around 15% of Mississippi's total GDP.
- The index has shown steady growth in recent years, reflecting the expanding role of the public sector in the state's economy.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the government and government enterprises sector in Mississippi. It provides a quantitative assessment of the contribution of public-sector activities to the state's overall economic production.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the economic impact of government activity and evaluating fiscal policy decisions, as it allows analysts to track changes in the real value of government services over time.
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 methodology to track changes in real output over time.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the role of government in Mississippi's economy and inform decisions around fiscal policy, budgeting, and public investment.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Mississippi (MSGOVQQGSP), retrieved from FRED.