Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Delaware
Quarterly, Seasonally Adjusted Annual Rate
DEAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,374.30
Year-over-Year Change
315.82%
Date Range
1/1/2005 - 10/1/2022
Summary
The Quarterly, Seasonally Adjusted Annual Rate (DEAGRNQGSP) measures the total gross state product (GSP) for the agricultural sector in the United States, adjusted for seasonal variations. This data provides important insights into the health and productivity of the U.S. agricultural economy.
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 Quarterly, Seasonally Adjusted Annual Rate is a key economic indicator that tracks the total economic output or value-added from the agricultural sector across all U.S. states. It is used by economists and policymakers to assess the performance and trends in the agricultural industry, which is a crucial component of the overall U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This agricultural GSP data is widely used to inform economic policy decisions and market analysis related to the agricultural sector.
Key Facts
- The agricultural sector accounts for approximately 1% of U.S. GDP.
- The Midwest region contributes the largest share of agricultural GSP.
- Seasonal variations in agricultural production are a key driver of this economic indicator.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (DEAGRNQGSP) measures the total gross state product (GSP) from the agricultural sector across the United States, adjusted for seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: This agricultural GSP data provides important insights into the performance and health of a crucial sector of the U.S. economy, helping to inform economic policy decisions and market analysis.
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: This agricultural GSP data is widely used by economists and policymakers to assess the state of the U.S. agricultural industry and inform decisions related to economic policies, trade, and market regulations.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of several months between the end of the reference period and the publication of the estimates.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (DEAGRNQGSP), retrieved from FRED.