The Missouri Department Overview — Economic Resource Guide provides an overview of the state’s economy and resources. It includes information on state government, economic and regional data, labor force, industries, transportation, and other economic resources. It is a comprehensive guide to the state’s economic development and resources, and serves as a key reference for new businesses, investors, and individuals looking to relocate to the state. The guide contains data on population, gross domestic product, unemployment, income, and other economic indicators. It also provides links to resources such as the Missouri Department of Economic Development, Missouri Enterprise, Missouri Chamber of Commerce, and other organizations. There are two types of Missouri Department Overview — Economic Resource Guide: the online version and the printed version.
Missouri Department Overview - Economic Resource Guide
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MERIC derives the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state.
Missouri industries, including agriculture, steel, automotive, electronics and everything in between play a massive role in the state's economy.
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Missouri has a $280 billion dollar economy and is the 3rd most economically diverse state in the nation. Manufacturing represents nearly 13 percent of gross state product followed by government, real estate, and health care.
Gross Domestic Product by State (GSP) measures the value-added from industries in that state. ing 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.
The Missouri Department of Economic Development administers a wide array of services and programs designed to enhance Missouri's economic growth and to create solid, high-paying jobs.
Major industries are agriculture, aerospace, transportation equipment, chemicals, financial services, electrical equipment, publishing and printing, and manufacturing. Major agricultural products of Missouri are pork, soybeans, beef, cotton, rice, eggs, corn, and sorghum.
Missouri remains important agriculturally; with over 100,000 farms, the state ranks second only to Texas. The most valuable farm products are soybeans, corn, cattle, hogs, wheat, and dairy items. The development of resorts in the Ozarks, including Branson and several lakes, has boosted tourism income.