Gross Domestic Product Data Series
2015 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 revised estimates from the U.S. Bureau of Economic Analysis, Missouri’s GDP totaled $261.5 billion in inflation-adjusted dollars, a 1.3 percent increase over last year. Nationally, inflation-adjusted GDP increased 2.4 percent over 2014 levels.

Missouri Gross State Product
2001-2015
2000 to 2013 Gross Domestic Product for Missouri

MISSOURI
Gross State Product
Year Current     Chained  Pct Chng  Pct Chng 
(in millions $) (in millions $) Current Chained
2001  $     191,750  $      232,769 2.2% -0.5%
2002  $     196,807  $      234,643 2.6% 0.8%
2003  $     205,338  $      240,305 4.3% 2.4%
2004  $     215,895  $      245,476 5.1% 2.2%
2005  $     225,268  $      249,177 4.3% 1.5%
2006  $     234,124  $      251,422 3.9% 0.9%
2007  $     241,909  $      251,881 3.3% 0.2%
2008  $     248,838  $      254,097 2.9% 0.9%
2009  $     249,574  $      249,574 0.3% -1.8%
2010  $     255,631  $      252,817 2.4% 1.3%
2011  $     256,996  $      249,820 0.5% -1.2%
2012  $     265,178  $      251,594 3.2% 0.7%
2013  $     274,540  $      255,281 3.5% 1.5%
2014  $     283,280  $      258,201 3.2% 1.1%
2015  $     293,378  $      261,533 3.6% 1.3%
Note: chained refers to real or inflation-adjusted values

Missouri’s private sector industries contributed nearly $231.0 billion to total GSP and Government contributed about $30.6 billion. Among private sector industries, the Manufacturing (12.8%), Government (11.7%), and Real Estate (10.9%) sectors contributed the largest portion to gross state product in 2015. While Government’s share of GSP has fallen since 2014, other private sectors have grown, in particular, Information (5.1%) and Professional, Scientific, and Technical Services (6.4%).

Missouri Gross State Product, 2015
(in millions of 2009 chained $)
Industry GSP Pct. Of Total
All industry total  $    261,533 100.0%
  Private industries  $    230,964 88.3%
      Agriculture, forestry, fishing, and hunting  $        3,885 1.5%
      Mining  $            852 0.3%
      Utilities  $        4,617 1.8%
      Construction  $        9,656 3.7%
      Manufacturing  $      33,533 12.8%
          Durable goods manufacturing  $      17,335 6.6%
          Nondurable goods manufacturing  $      16,347 6.3%
      Wholesale trade  $      16,966 6.5%
      Retail trade  $      17,110 6.5%
      Transportation and warehousing  $        8,541 3.3%
      Information  $      13,344 5.1%
      Finance and insurance  $      17,931 6.9%
      Real estate and rental and leasing  $      28,426 10.9%
      Professional, scientific, and technical services  $      16,758 6.4%
      Management of companies and enterprises  $        8,972 3.4%
      Administrative and waste management services  $        8,221 3.1%
      Educational services  $        2,890 1.1%
      Health care and social assistance  $      22,448 8.6%
      Arts, entertainment, and recreation  $        3,629 1.4%
      Accommodation and food services  $        7,208 2.8%
      Other services, except government  $        5,919 2.3%
  Government  $      30,626 11.7%


Missouri’s rank in total GSP remains unchanged from last year at 21st place. California posts the largest inflation-adjusted GSP at $2.2 trillion followed by Texas ($1.4), New York, ($1.2) Florida ($0.8), Illinois ($0.7), and Pennsylvania ($0.6). California and Oregon show the largest one-year increases in gross state product at 4.1 percent— far above the national change of 2.4 percent and Missouri’s change of 1.3 percent. The only state to show a decrease or loss in the value of its goods and services was North Dakota which declined 2.1 percent from last year.

Among states surrounding Missouri, Illinois had the largest one-year increase at 2.3 percent followed by Nebraska (2.1 percent), Tennessee (2.0 percent), Arkansas (1.5 percent), Oklahoma (1.3 percent), Kentucky (1.1 percent), Iowa (0.8 percent) and Kansas (0.2 percent).


Map of Percent Change of USA GSP
Source: U.S. Bureau of Economic Analysis, Regional Economic Accounts, Gross State Product



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