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 that state. According to estimates from the U.S. Bureau of Economic Analysis, in 2022, Missouri ranked 21st nationally in GSP at $336.63 billion in inflation-adjusted (chained 2017) dollars, a 2.0 percent increase from 2021 to 2022. Nationally inflation-adjusted GDP increased 1.9 percent over the same period.
Missouri’s private sector increased 2.2 percent from 2021 to 2022 and contributed over $300.78 billion to Missouri’s GSP in 2022 whereas Government and government enterprises increased by 0.1 percent, and contributed $35.92 billion.
Missouri GDP by industry is a measure of the state's output or size of the state's economy by industry. Industry-level analysis helps to show which industries make the largest contribution to the state's economy. The percent change shows either an increase or decline in the contribution between the most current two years of data. This data lags by one calendar year.
Among private sector industries, Manufacturing represents the largest share of GSP in the state at 12.6 percent. Real Estate, Rental and Leasing (11.0%) and Health Care and Social Assistance (9.4%) are other top contributing industries to Missouri’s GSP in 2022.
A 2017-2022 analysis of Missouri GSP industry-shares shows growth in some sectors and decline in others. Compound annual growth rate (CAGR) between 2017-2022 for Private industries was 1.9 percent. Information (5.5%); Professional and business services (4.0%); Management of companies and enterprises (3.1%); Finance, insurance, real estate, rental, and leasing (2.0%), Manufacturing (2.4%), Arts, entertainment, recreation, accommodation, and food services (1.9%); Educational services, health care, and social assistance (1.8%); Transportation and warehousing (0.6%); and Construction (0.1%) sectors had positive compound annual growth rates between 2017-2022. Utilities (-1.5%); Mining, quarrying, and oil and gas extraction (-1.2%); Government and government enterprises (-0.5%); Wholesale trade (-0.3%); and Retail trade (-0.1%) had negative CAGR in 2017-2022.
Nationally, real GDP increased by 1.9 percent in 2022 and by 2.5 percent for private sector industries. Real GDP increased in all states and the District of Columbia except Mississippi, Iowa, South Dakota, Oklahoma, North Dakota, Louisiana, and Alaska. The largest decline (-1.4%) was in Hawaii while the largest increase (4.6%) was in Florida. Construction sector (-6.3%) had the largest decline in 2022 while Arts, entertainment, recreation, accommodation, and food services (11.1%) had the largest increase.
The dashboard below can be used to see GDP data for all US states and Missouri GDP trends using interactive filters by selecting a desired year and GDP type.