Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Mississippi
MSTRANGRNDTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.60
Year-over-Year Change
34.19%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) for the transit and ground passenger transportation industry in Mississippi. It provides insights into the economic activity and performance of this important transportation sector within the state.
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 Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Mississippi series tracks the total economic output of the transit and ground passenger transportation industry, which includes local and interurban passenger transportation, taxi and limousine service, and school and employee bus transportation. This data is used by policymakers and analysts to understand the state's transportation infrastructure and its contribution to the overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is relevant for understanding the role of the transportation sector in Mississippi's economy and can inform infrastructure investment decisions and transportation policy.
Key Facts
- Mississippi's transit and ground passenger transportation industry contributed $XXX billion to the state's GDP in [latest year].
- The transportation sector accounts for approximately X% of Mississippi's total economic output.
- GDP in the transit and ground passenger transportation industry in Mississippi has [increased/decreased] by X% over the past [time period].
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) for the transit and ground passenger transportation industry in Mississippi, which includes local and interurban passenger transportation, taxi and limousine service, and school and employee bus transportation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic activity and performance of the transportation sector within Mississippi, which is an important component of the state's overall economy. It can inform infrastructure investment decisions and transportation policy.
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: This economic trend is relevant for policymakers and analysts to understand the role of the transportation sector in Mississippi's economy and can inform infrastructure investment decisions and transportation policy.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as other GDP-related statistics released by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Mississippi (MSTRANGRNDTRANNGSP), retrieved from FRED.