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 35th nationally in GSP at $275.5 billion in inflation-adjusted dollars, a 0.9% percent increase from 2016 to 2017. Nationally inflation-adjusted GDP increased 2.2% 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 $196,598 $246,813 2.8% 1.0%
2003 $204,010 $251,788 3.8% 2.0%
2004 $214,218 $257,259 5.0% 2.2%
2005 $223,497 $261,530 4.3% 1.7%
2006 $231,772 $263,233 3.7% 0.7%
2007 $240,159 $264,382 3.6% 0.4%
2008 $250,581 $270,608 4.3% 2.4%
2009 $251,780 $265,310 0.5% -2.0%
2010 $258,544 $269,735 2.7% 1.7%
2011 $260,094 $266,726 0.6% -1.1%
2012 $268,762 $268,762 3.3% 0.8%
2013 $277,851 $271,902 3.4% 1.2%
2014 $284,729 $272,774 2.5% 0.3%
2015 $294,750 $275,812 3.5% 1.1%
2016 $295,961 $273,112 0.4% -1.0%
2017 $303,763 $275,572 2.6% 0.9%
Note: chained refers to real or inflation-adjusted values

 

Missouri’s private sector grew 1.0 percent and contributed over $243.4 billion to Missouri’s GSP in 2017. Government increased by 0.3 percent and contributed nearly $32.1 billion. Among private sector industries, Manufacturing represents the largest share of GSP in the State at 12.3 percent. Real Estate (11.2 percent), and Health Care and Social Assistance (9.1 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. Professional, Scientific, and Technical increased by 1.7 percent, Real Estate at 1.5 percent, and Health Care and Social Assistance increased by 1.2 percent of GSP from 2007 to 2017.

Missouri GSP 
10yr Change by Industry
Industry 2007 2017 Change
Private industries 87.4% 88.3% 0.9%
Agriculture 1.4% 1.6% 0.3%
Mining 0.6% 0.3% -0.3%
Utilities 1.4% 1.7% 0.3%
Construction 4.6% 3.3% -1.4%
Durable Mfg 6.3% 6.6% 0.2%
Nondurable Mfg 7.7% 5.8% -1.9%
Wholesale 7.0% 7.1% 0.1%
Retail 6.3% 6.4% 0.1%
Transport & Warehouse 3.6% 3.3% -0.3%
Information 4.3% 4.7% 0.5%
Finance & Insur 7.2% 6.5% -0.8%
Real Estate 9.7% 11.2% 1.5%
Professional, Science, Tech 5.7% 7.4% 1.7%
Management of Companies 3.2% 3.3% 0.1%
Admin Suport and Waste Mng 2.8% 3.0% 0.2%
Education Services 1.2% 1.2% 0.0%
Healthcare & Social Assistance 7.9% 9.1% 1.2%
Arts, Entertainment, & Rec 1.2% 1.1% -0.1%
Accomo & Food Service 2.8% 2.7% -0.1%
Other 2.7% 2.2% -0.5%
Government 12.6% 11.7% -0.9%
Note: 2Digit and 3Digit NAICS

Where there is growth in durable manufacturing, there is decline in non-durable manufacturing, which dropped from 7.7 percent of GSP share in 2007 to 5.8 percent share in 2017. There were minor downturns in chemical manufacturing, paper manufacturing, and uneven fluctuations in food, beverage and tobacco product manufacturing. Finance & Insurance with 0.8 percent decrease dropped from a 7.2 percent to 6.5 percent, and Government is down 0.9 percent from 12.6 percent in 2007 to 11.7 percent in 2017.

Missouri Gross State Product, 2017 
(in millions of 2012 chained dollars) 
Industry  GSP Share of Total GSP
All industry total   $  275,572 100%
  Private Industries   $  243,402 88.3%
       Agriculture, Forestry, Fishing, and Hunting  $      4,534 1.6%
       Mining   $         904 0.3%
       Utilities   $      4,717 1.7%
       Construction   $      8,995 3.3%
       Manufacturing   $    33,974 12.3%
       Wholesale Trade   $    19,601 7.1%
    Retail Trade  $    17,635 6.4%
       Transportation and Warehousing   $      8,988 3.3%
       Information   $    13,087 4.7%
       Finance and Insurance   $    17,855 6.5%
       Real Estate, Rental, and Leasing   $    30,853 11.2%
       Professional, Scientific, and Technical Services   $    20,369 7.4%
       Management of Companies and Enterprises   $      8,991 3.3%
       Administrative and Waste Management Services   $      8,229 3.0%
       Educational Services   $      3,432 1.2%
       Health Care and Social Assistance  $    25,095 9.1%
       Arts, Entertainment, and Recreation   $      3,033 1.1%
       Accommodation and Food Services   $      7,397 2.7%
       Other Services, Except Government   $      6,164 2.2%
  Government   $    32,200 11.7%

 

Nationally, Real GDP growth increased in 2017 to 1.9 percent, up 0.9 percent from 2016. Real GDP grew in 47 states and the District of Columbia. Real GDP by state growth ranged from 4.7 percent in Washington to -1.1 percent in Connecticut. Information Services, Professional, Scientific, & Technical Services, Management of Companies and Enterprises, and Administrative, Support, & Waste Management were the leading contributors to growth in 2017. In Missouri, leading contributors to growth in 2017, excluding Government, included Manufacturing, Real Estate, Rental and Leasing, and Healthcare and Social Assistance.


Map of Percent Change of USA GSP

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

 



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