Real Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Mississippi
MSTRANGRNDTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.70
Year-over-Year Change
24.06%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Mississippi measures the inflation-adjusted economic output of the transportation and ground passenger sector in the state. This metric is important for understanding regional economic trends and evaluating the performance of a key 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
This series represents the real, or inflation-adjusted, gross domestic product (GDP) for the transit and ground passenger transportation industry (NAICS code 485) in the state of Mississippi. It provides insight into the productivity and growth of this specific economic sector within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of Mississippi's transportation industry.
Key Facts
- The series dates back to 2001.
- Mississippi's transportation GDP peaked in 2017.
- The sector accounts for over 2% of the state's total economic output.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted gross domestic product (GDP) of the transit and ground passenger transportation industry (NAICS 485) in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the productivity and growth of a key economic sector within the state, which is relevant 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.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of Mississippi's transportation industry, which informs economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Mississippi (MSTRANGRNDTRANRGSP), retrieved from FRED.