Gross Domestic Product Data Series

2018 Estimates

Metropolitan Gross Domestic Product

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 20th nationally in GSP at $282.2 billion in inflation-adjusted dollars, a 2.3% percent increase from 2017 to 2018. Nationally inflation-adjusted GDP increased 2.9% percent over the same period.

Gross Domestic Product 2018 Chart
MISSOURI
Gross Data Product
Year Current
(in millions $)
Chained
(in millions $)
Current Change
Current $
Percent Change
Chained $
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 $294,758 $275,819 3.5% 1.1%
2016 $296,070 $273,206 0.4% -0.9%
2017 $304,051 $275,783 2.7% 0.9%
2018 $317,749 $282,208 4.5% 2.3%
Note: chained refers to real or inflation-adjusted values

Missouri’s private sector grew 2.8 percent and contributed over $250.3 billion to Missouri’s GSP in 2018. Government declined by 1.2 percent, but contributed nearly $32.0 billion. Among private sector industries, Manufacturing represents the largest share of GSP in the State at 12.7 percent. Real Estate (11.0 percent) and Health Care and Social Assistance (9.1 percent) are other top contributing industries to Missouri’s GSP.

Gross Domestic Product Goods Producing-Service Producing

A 10-year analysis of Missouri GSP industry-shares shows growth in some sectors and decline in others. Most notable, Professional, Scientific, and Technical Services increased from 6.2 percent of GSP in 2008 to 7.5 percent in 2018. The majority of this growth is attributable to the Computer Systems Design industry, which has exhibited growth each year over this time span. From 2008 to 2018, Health Care and Social Assistance has steadily increased by 1.0 percent (from 8.1 percent in 2008 to 9.1 percent in 2018). Construction, however, experienced a decline of 1.1 percent share of GSP over the past decade from 4.3 percent in 2008 to 3.1 percent in 2018.

Missouri GSP
10yr Change by Industry
Industry 2007 2018 Change
Private industries 87.4% 88.7% 1.3%
Agriculture 1.7% 1.6% -0.0%
Mining 0.5% 0.4% -0.1%
Utilities 1.4% 1.7% 0.2%
Construction 4.3% 3.1% -1.1%
Durable Mfg 6.1% 6.8% 0.7%
Nondurable Mfg 7.3% 5.9% -1.4%
Wholesale 6.9% 6.8% 0.5%
Retail 6.1% 6.4% 0.3%
Transport & Warehouse 3.5% 3.2% -0.3%
Information 4.8% 5.1% 0.4%
Finance & Insur 6.4% 6.3% -0.1%
Real Estate 10.4% 11.0% 0.7%
Professional, Science, Tech 6.2% 7.5% 1.3%
Management of Companies 3.6% 3.3% 1.3%
Admin Suport and Waste Mng 2.8% 3.0% 0.2%
Education Services 1.2% 1.2% 0.0%
Healthcare & Social Assistance 8.1% 9.1% 1.0%
Arts, Entertainment, & Rec 1.2% 1.1% -0.1%
Accomo & Food Service 2.7% 2.6% 0.0%
Other 2.5% 2.2% -0.4%
Government 12.6% 11.3% -1.3%
Note: 2Digit and 3Digit NAICS

The simultaneous decline of Nondurable manufacturing (from 7.3 percent to 5.9) and increase in Durable goods manufacturing (from 6.1 percent to 6.8) over the ten-year span means that as of 2015, Durable goods manufacturing makes up a larger portion of Missouri’s GSP than Nondurable, where the opposite was previously true. This change is largely due to growth in Computer and electronic product manufacturing and a renewed growth in Motor Vehicle bodies and parts manufacturing since 2014. Additionally, after peaking in 2009, Government has steadily declined from 12.6 percent of GSP in 2008 to 11.3 percent in 2018.

Missouri Gross State Product, 2018
(in millions of 2012 chained dollars)
Industry GSP Share of Total GSP
All industry total   $  282,208 100%
  Private Industries   $  250,308 88.7%
       Agriculture, Forestry, Fishing, and Hunting  $      4,579 1.6%
       Mining   $      1,001 0.4%
       Utilities   $      4,708 1.7%
       Construction   $      8,886 3.1%
       Manufacturing   $    35,827 12.7%
       Wholesale Trade   $    20,947 7.4%
    Retail Trade  $    18,086 6.4%
       Transportation and Warehousing   $      9,058 3.2%
       Information   $    14,517 5.1%
       Finance and Insurance   $    17,805 6.3%
       Real Estate, Rental, and Leasing   $    31,120 11.0%
       Professional, Scientific, and Technical Services   $    21,155 7.5%
       Management of Companies and Enterprises   $      9,317 3.3%
       Administrative and Waste Management Services   $      8,423 3.0%
       Educational Services   $      3,398 1.2%
       Health Care and Social Assistance  $    25,697 9.1%
       Arts, Entertainment, and Recreation   $      3,069 1.1%
       Accommodation and Food Services   $      7,437 2.7%
       Other Services, Except Government   $      6,186 2.2%
  Government   $    31,960 11.3%

Nationally, Real GDP growth increased in 2018 to 2.9 percent, up 0.6 percent from 2017, (5.1 percent change from 2016) and 19 percent change from 2008. Real GDP grew in 50 states and the District of Columbia and ranged from 5.7 percent in Washington to -0.3 percent in Alaska. Manufacturing, Information Services, Professional, Scientific, & Technical Services, and Management of Companies and Enterprises were the leading contributors to growth in 2018. Agriculture and Finance and Insurance declined nearly 0.1 and 0.4 points, respectively, in GDP share over the year.

Gross Domestic Product Map of US 2018