Gross Domestic Product: Health Care and Social Assistance (62) in Mississippi
MSHLTHSOCASSNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,335.70
Year-over-Year Change
21.46%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) of the health care and social assistance sector in Mississippi. It is a key indicator of economic activity and productivity in this vital industry.
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 GDP of the health care and social assistance sector represents the total economic output or value-added from businesses and organizations providing medical care, social assistance, and related services within the state of Mississippi. This metric is used by economists and policymakers to analyze the health and growth of this important component of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic reporting.
Historical Context
Monitoring trends in health care and social assistance GDP helps inform decisions around investment, policy, and economic management at the state level.
Key Facts
- Mississippi's health care and social assistance GDP was $17.5 billion in 2021.
- This sector accounts for 12.4% of Mississippi's total GDP.
- The health care and social assistance industry employs over 170,000 people in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the health care and social assistance sector in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: Tracking the GDP of Mississippi's health care and social assistance industry provides valuable insights into the economic performance and growth of this vital sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic reporting.
Q: How is this trend used in economic policy?
A: Monitoring trends in health care and social assistance GDP helps inform decisions around investment, policy, and economic management at the state level.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Bureau of Economic Analysis, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Health Care and Social Assistance (62) in Mississippi (MSHLTHSOCASSNQGSP), retrieved from FRED.