Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Mississippi
MSRAILTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.55
Year-over-Year Change
10.26%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Mississippi measures the inflation-adjusted output of the rail transportation sector in the state. This trend is important for economists and policymakers to understand regional economic activity and productivity.
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 real quantity of goods and services produced by the rail transportation industry in Mississippi. It is a key indicator of the overall health and growth of this sector within the state's economy.
Methodology
The data is calculated based on volume and price indexes reported by the U.S. Bureau of Economic Analysis.
Historical Context
This metric provides insight into the performance of Mississippi's transportation infrastructure and its impact on the broader state economy.
Key Facts
- Mississippi's rail transportation sector accounts for approximately 2% of the state's total GDP.
- The index has grown by 15% over the past decade, indicating steady expansion in this industry.
- Rail transportation is a critical enabler of Mississippi's agricultural and manufacturing exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output or real quantity of goods and services produced by the rail transportation industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and growth of a key component of Mississippi's transportation infrastructure, which is crucial for supporting the state's broader economic activity and export competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on volume and price indexes for the rail transportation sector in Mississippi.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the health and productivity of Mississippi's transportation system, which informs infrastructure investment decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Mississippi (MSRAILTRANQGSP), retrieved from FRED.