Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in the District of Columbia
Annual, Not Seasonally Adjusted
DCAGRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.50
Year-over-Year Change
2275.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Annual, Not Seasonally Adjusted' series tracks the annual growth rate of real gross domestic product (GDP) for the agriculture, forestry, fishing, and hunting sector in the United States. This metric is important for economists and policymakers to assess the performance and health of this key economic industry.
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 annual, non-seasonally adjusted GDP growth rate series provides insight into the long-term trends and year-over-year changes in the agriculture, forestry, fishing, and hunting sector of the U.S. economy. It is a key indicator used to analyze the broader economic landscape and inform policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official government economic statistics.
Historical Context
Policymakers and market analysts closely monitor this metric to gauge the overall strength and trajectory of the U.S. agricultural economy.
Key Facts
- The agriculture, forestry, fishing, and hunting sector accounts for approximately 1% of U.S. GDP.
- This series has shown an average annual growth rate of 2.5% over the past decade.
- Fluctuations in this metric often correlate with commodity prices and weather patterns.
FAQs
Q: What does this economic trend measure?
A: This series tracks the annual, non-seasonally adjusted growth rate of real GDP for the agriculture, forestry, fishing, and hunting sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and health of a key economic industry, helping to inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official government economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this metric to gauge the overall strength and trajectory of the U.S. agricultural economy.
Q: Are there update delays or limitations?
A: This series is published quarterly with a lag of approximately two months, and may be subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DCAGRNGSP), retrieved from FRED.