Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Arkansas
Annual, Not Seasonally Adjusted
ARAGRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,072.40
Year-over-Year Change
96.60%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures aggregate crop production, an important economic indicator for the agricultural sector and overall economic performance.
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
This series provides a comprehensive overview of annual crop production in the United States, including major commodity crops like corn, soybeans, and wheat. It is a widely tracked metric used by policymakers, agribusinesses, and economists to assess the health and outlook of the agricultural industry.
Methodology
The data is collected and calculated by the U.S. Department of Agriculture through surveys and administrative records.
Historical Context
Crop production figures are closely monitored for their impact on food prices, exports, and economic growth.
Key Facts
- Covers over 70 different crop categories.
- Corn and soybeans account for over 70% of total crop value.
- Crop production has increased by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total volume of crop production in the United States across major commodity categories.
Q: Why is this trend relevant for users or analysts?
A: Crop production is a critical economic indicator for the agricultural sector, providing insights into supply, prices, and the overall health of the industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Agriculture through a combination of surveys and administrative records.
Q: How is this trend used in economic policy?
A: Crop production figures are closely monitored by policymakers, agribusinesses, and economists to assess the impact on food prices, exports, and overall economic growth.
Q: Are there update delays or limitations?
A: The data is released annually with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ARAGRNGSP), retrieved from FRED.