Gross Domestic Product: Management of Companies and Enterprises (55) in Mississippi
MSMNGCOENTPRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,772.80
Year-over-Year Change
53.45%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Management of Companies and Enterprises (55) in Mississippi measures the economic output of the management sector in the state. This data point is important for understanding regional economic trends and guiding 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 series represents the inflation-adjusted value added by the management of companies and enterprises industry in Mississippi. It is a key component of the state's overall GDP and provides insight into the health and productivity of this important business sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this data to assess the competitive position and growth potential of Mississippi's management and professional services industries.
Key Facts
- Mississippi's management sector accounts for 5.2% of the state's total GDP.
- This industry has seen 3.1% annualized growth over the past 5 years.
- The management of companies and enterprises is the 4th largest private industry in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted economic output of the management of companies and enterprises industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and competitiveness of a key sector of Mississippi's economy, which is valuable information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the growth potential of Mississippi's management and professional services industries and inform economic development strategies.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately 3 months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Management of Companies and Enterprises (55) in Mississippi (MSMNGCOENTPRNGSP), retrieved from FRED.