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 2021, Missouri ranked 22nd nationally in GSP at $295.73 billion in inflation-adjusted dollars, a 4.6 percent increase from 2020 to 2021. Nationally inflation-adjusted GDP increased 5.7 percent over the same period.
Missouri’s private sector improved 0.4 percent from previous year and contributed over $263.3 billion to Missouri’s GSP in 2021 whereas Government receded by 0.4 percent, and contributed $32.5 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 12.3 percent. Real Estate, Rental and Leasing (11.4%) and Health Care and Social Assistance (9.1%) are other top contributing industries to Missouri’s GSP.
A 2011-2021 analysis of Missouri GSP industry-shares shows growth in some sectors and decline in others. Finance and Insurance decreased in share by 0.8 percentage points from 2011 to 2021, while Information decreased from 4.9 percent of GSP in 2011 to 4.7 percent in 2020. Professional, Scientific, and Technical Services had a 1.8 percentage point increase in share of GDP over the past 10 years. Agriculture, forestry, fishing and hunting increased by 0.9 percent, Healthcare and Social Assistance increased by 0.6 percent, Management of Companies and Enterprises increased its share of GSP by 0.5 percent when compared to 2011.
Nationally, real GDP increased by 5.7 percent in 2021 and by 5.5 percent for private sector industries. Real GDP improved in all states and the District of Columbia. The largest increase (8.6%) was in Tennessee. Manufacturing and information sectors were leading contributors to the improvement in 2021.
The dashboard below can be used to see GDP data for all US states using interactive filter by selecting a desired year. It also shows changes in Missouri GDP over the last 10-Years. A data table for further analysis can be downloaded as an Excel file by clicking here.