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 2023, Missouri ranked 21st nationally in GSP at $348.49 billion in inflation-adjusted (chained 2017) dollars, a 1.9 percent increase from 2022 to 2023. Nationally inflation-adjusted GDP increased 2.9 percent over the same period.
Missouri’s private sector increased 2.6 percent from 2022 to 2023 and contributed over $311.37 billion to Missouri’s GSP in 2023 whereas Government and government enterprises increased by 2.5 percent and contributed $37.2 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, Real Estate, Rental and Leasing represents the largest share of GSP in the state at 12.6 percent. Manufacturing (11.9%) and Health Care and Social Assistance (9.5%) are other top contributing industries to Missouri’s GSP in 2023.
A 2019-2023 analysis of Missouri GSP industry-shares shows growth in some sectors and decline in others. Compound annual growth rate (CAGR) between 2019-2023 for Private industries was 2.3 percent. Agriculture, forestry, fishing and hunting (8.6%); Information (5.3%); Professional and business services (4.2%); Finance, insurance, real estate, rental, and leasing (3.2%); Manufacturing (2.6%); Educational services, health care, and social assistance (2.1%); Retail trade (1.9%); Arts, entertainment, recreation, accommodation, and food services (1.0%); Transportation and warehousing (0.9%); and Government and government enterprises (0.3%) sectors had positive compound annual growth rates between 2019-2023. Construction (-0.3%); Utilities (-0.5%); and Mining, quarrying, and oil and gas extraction (-3.0%) had negative CAGR in 2019-2023.
Nationally, real GDP increased by 2.9 percent in 2023. Real GDP increased in all states and the District of Columbia. The largest increase (7.8%) was in North Dakota. Construction sector (-1.8%) had the largest decline from 2019-2023 while Information (8.1%) 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. An excel file of GDP data for all US states over the last five years can be downloaded by clicking here.