All Domestic Sectors; Gross Fixed Investment, Transactions
Annual
ADSGFIA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,293,963.00
Year-over-Year Change
98.45%
Date Range
1/1/1946 - 1/1/2024
Summary
The Annual trend measures the annual gross output of U.S. agriculture, forestry, fishing, and hunting industries. It provides a broad indicator of economic activity in the U.S. natural resource and agricultural sectors.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual gross output metric tracks the total dollar value of goods and services produced by establishments in the agriculture, forestry, fishing, and hunting industries. It is a widely referenced indicator of the overall size and performance of these vital economic sectors.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and industries.
Historical Context
Policymakers and analysts use the Annual trend to assess the health and contributions of the U.S. natural resource and agricultural economy.
Key Facts
- The Annual gross output reached a record high of $442 billion in 2021.
- The agriculture, forestry, fishing, and hunting sector accounts for about 1% of total U.S. GDP.
- Trends in Annual gross output can signal changes in commodity prices, labor force, and consumer demand.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total dollar value of goods and services produced by establishments in the U.S. agriculture, forestry, fishing, and hunting industries.
Q: Why is this trend relevant for users or analysts?
A: The Annual gross output is a widely referenced indicator of the overall size and performance of these vital natural resource and agricultural sectors of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and industries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Annual trend to assess the health and contributions of the U.S. natural resource and agricultural economy.
Q: Are there update delays or limitations?
A: The Annual data is typically published with a few months' delay to allow for comprehensive industry reporting.
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Citation
U.S. Federal Reserve, Annual (ADSGFIA027N), retrieved from FRED.