Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Arizona
AZAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,786.60
Year-over-Year Change
-8.38%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Arizona' trend measures the economic output of these industries in the state. It is a key indicator of Arizona's agricultural and natural resource 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
This series represents the real gross domestic product (GDP) - the value of goods and services produced - for the agriculture, forestry, fishing, and hunting industries in the state of Arizona. It is a component of the overall state GDP and provides insight into the performance and contribution of these vital economic activities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this trend to evaluate the health and growth of Arizona's natural resource-based industries and their impact on the broader state economy.
Key Facts
- Arizona's agriculture, forestry, fishing and hunting GDP was $4.3 billion in 2021.
- This sector accounted for 2.1% of Arizona's total GDP in 2021.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the agriculture, forestry, fishing, and hunting industries in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and contribution of Arizona's natural resource-based industries, which are important components of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the health and growth of Arizona's agriculture, forestry, fishing, and hunting sectors and their impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Arizona (AZAGRNQGSP), retrieved from FRED.