Gross Domestic Product Data Series
2017 Estimates

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The broadest measure of economic activity is the Gross Domestic Product (GDP). Gross Domestic Product by State (GSP) measures the value-added from industries in a state. According to estimates from the U.S. Bureau of Economic Analysis, Missouri ranked 22nd nationally in GSP at $263.1 billion in inflation-adjusted dollars. Missouri GSP grew by 1.1% percent from 2016 to 2017. Nationally inflation-adjusted GDP increased 2.1% percent over the same period.

2002 to 2016 Gross Domestic Product for Missouri



MISSOURI
Gross State Product
Year Current      Chained     Percent Change Current $ Percent Change Chained $
(in millions $)  (in millions $)
2002 $197,222 $235,058 2.6% 0.8%
2003 $205,164 $240,041 4.0% 2.1%
2004 $215,606 $245,100 5.1% 2.1%
2005 $224,091 $247,860 3.9% 1.1%
2006 $232,795 $250,021 3.9% 0.9%
2007 $240,613 $250,581 3.4% 0.2%
2008 $250,088 $255,426 3.9% 1.9%
2009 $250,436 $250,436 0.1% -2.0%
2010 $255,865 $253,059 2.2% 1.0%
2011 $257,225 $250,034 0.5% -1.2%
2012 $266,245 $252,620 3.5% 1.0%
2013 $275,911 $256,738 3.6% 1.6%
2014 $282,535 $257,629 2.4% 0.3%
2015 $291,764 $259,820 3.3% 0.9%
2016 $297,074 $260,309 1.8% 0.2%
2017 $304,898 $263,103 2.6% 1.1%
Note: chained refers to real or inflation-adjusted values

 

Missouri’s private sector grew 1.3 percent and contributed over $232.5 billion to Missouri’s GSP in 2017. Government declined by 0.9 percent and contributed nearly $30.6 billion. Among private sector industries, Manufacturing represents the largest share of GSP in the State at 13.2 percent. Real Estate (11.8 percent) and Health Care and Social Assistance (8.7 percent) are other top contributing industries to Missouri’s GSP.


2002 to 2016 Gross Domestic Product for Missouri

A 10-year analysis of Missouri GSP industry-shares shows growth in some sectors and decline in others. Real Estate increased by 1.7 percent, Health Care and Social Assistance increased from 7.7 to 8.7 percent of GSP from 2007-2017. Professional, Scientific and Technical Services grew over 1.1 percent (from 5.7 to 6.8 percent GSP) in part due to the 0.7 percent increase in the Computer Systems Design industry. Durable goods manufacturing share in GSP has grown from 5.2 percent in 2009, at its lowest, to over 7.2 percent in 2017. This jump in growth is partly due to Computer and electronic product manufacturing which went from 0.3 percent to nearly 1 percent GSP within that same time span.

Missouri GSP 
10yr Change by Industry
Industry 2007 2017 Change
Private industries 87.3% 88.4% 1.1%
Agriculture 0.9% 1.1% 0.2%
Mining 0.5% 0.3% -0.2%
Utilities 1.7% 2.0% 0.3%
Construction 4.7% 3.4% -1.3%
Durable Mfg 6.7% 7.2% 0.5%
Nondurable Mfg 7.4% 6.0% -1.4%
Wholesale 6.9% 6.8% -0.1%
Retail 6.3% 6.6% 0.3%
Transport & Warehouse 3.6% 3.3% -0.3%
Information 4.7% 4.1% -0.6%
Finance & Insur 6.7% 6.6% -0.1%
Real Estate 10.0% 11.7% 1.7%
Professional, Science, Tech 5.7% 6.8% 1.1%
Management of Companies 3.4% 3.4% 0.0%
Admin Suport and Waste Mng 2.8% 3.1% 0.3%
Education Services 1.0% 1.0% 0.0%
Healthcare & Social Assistance 7.7% 8.7% 0.9%
Arts, Entertainment, & Rec 1.3% 1.2% -0.1%
Accomo & Food Service 2.7% 2.7% 0.0%
Other 2.6% 2.2% -0.4%
Government 12.7% 11.6% -1.1%
Note: 2Digit and 3Digit NAICS

Where there is growth in durable manufacturing, there is some decline in non-durable manufacturing, which dropped from 7.4 percent of GSP share in 2007 to 5.9 percent in 2017. There were minor downturns in chemical manufacturing, paper manufacturing, and uneven fluctuations in food, beverage and tobacco product manufacturing. Information industry (particularly Publishing industry with 0.6 percent decrease) dropped from a 4.8 percent at its highest to 4.3 percent within a five year span and Government is down 1.6 percent from 13.2 percent in 2009 to 11.9 percent in 2017.

Missouri Gross State Product, 2017 
(in millions of 2009 chained dollars) 
Industry  GSP Share of Total GSP
All industry total   $  263,103 100%
  Private industries   $  232,543 88.4%
       Agriculture, forestry, fishing, and hunting  $      2,886 1.1%
       Mining   $         915 0.3%
       Utilities   $      5,330 2.0%
       Construction   $      9,014 3.4%
       Manufacturing   $    34,682 13.2%
       Wholesale trade   $    17,954 6.8%
    Retail Trade  $    17,483 6.6%
       Transportation and warehousing   $      8,696 3.3%
       Information   $    10,876 4.1%
       Finance and Insurance   $    17,444 6.6%
       Real estate, rental, and leasing   $    30,742 11.7%
       Professional, scientific, and technical services   $    17,935 6.8%
       Management of companies and enterprises   $      9,073 3.4%
       Administrative and waste management services   $      8,176 3.1%
       Educational Services   $      2,727 1.0%
       Health care and social assistance  $    22,774 8.7%
       Arts, entertainment, and recreation   $      3,101 1.2%
       Accommodation and food services   $      7,102 2.7%
       Other services, except government   $      5,836 2.2%
  Government   $    30,627 11.6%

 

Nationally, Real GDP growth increased in 2017 to 2.1 percent, up 0.6 percent from 2016. Real GDP grew in 47 states and the District of Columbia. Real GDP by state growth ranged from 4.4 percent in Washington to -0.2 percent in both Connecticut and Louisiana. Information Services, Professional, Scientific, & Technical Services, and Health Care and Social Assistance were the leading contributors to growth in 2017. Agriculture declined 0.1 percent GDP share over the year.


Map of Percent Change of USA GSP

Source: U.S. Bureau of Economic Analysis, Regional Economic Accounts, Gross State Product

 



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