Real Gross Domestic Product: Retail Trade (44-45) in Mississippi
MSRETAILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,903.70
Year-over-Year Change
36.76%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Retail Trade (44-45) in Mississippi measures the inflation-adjusted economic output of the retail trade sector in the state. This metric is closely watched by economists and policymakers as a gauge of consumer spending and regional economic health.
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 tracks the real, or inflation-adjusted, gross domestic product (GDP) for the retail trade industry in Mississippi. The retail trade sector includes businesses that sell merchandise and provide services directly to consumers, and is an important driver of economic activity at the state level.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
Retail trade GDP is a key input for analysts and policymakers monitoring the broader economic conditions in Mississippi.
Key Facts
- Mississippi's retail trade GDP accounts for over 10% of the state's total economic output.
- The retail sector employs more than 250,000 workers in Mississippi.
- Real retail GDP in Mississippi grew by 3.2% in 2021 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Retail Trade (44-45) in Mississippi measures the inflation-adjusted economic output of the retail trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched as a gauge of consumer spending and regional economic health in Mississippi.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Retail trade GDP is a key input for analysts and policymakers monitoring the broader economic conditions in Mississippi.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
Related Trends
Gross Domestic Product: Wholesale Trade (42) in Mississippi
MSWHOLENQGSP
State Government Tax Collections, Total Selective Sales Taxes in Mississippi
MSTLSLTAX
Monthly State Retail Sales: Total Retail Sales Excluding Nonstore Retailers in Mississippi
MSRSMSTOTAL
Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Mississippi
MEDLISPRIPERSQUFEEMMMS
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Mississippi
MSPCEPCRECGD
All Employees: Leisure and Hospitality: Food Services and Drinking Places in Mississippi
SMU28000007072200001SA
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Retail Trade (44-45) in Mississippi (MSRETAILRGSP), retrieved from FRED.