Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Delaware
Quarterly, Seasonally Adjusted Annual Rate
DEAGRRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
795.60
Year-over-Year Change
179.06%
Date Range
1/1/2005 - 10/1/2022
Summary
The Quarterly, Seasonally Adjusted Annual Rate (DEAGRRQGSP) measures the seasonally adjusted annual rate of real gross state product (GSP) growth for the agriculture, forestry, fishing, and hunting sector in the United States. This metric is critical for analyzing economic performance and trends within the agricultural 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
The Quarterly, Seasonally Adjusted Annual Rate (DEAGRRQGSP) represents the seasonally adjusted annual pace of change in real gross state product (GSP) for the agriculture, forestry, fishing, and hunting sector. This data point is used by economists and policymakers to gauge the health and productivity of the U.S. agricultural economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and survey data.
Historical Context
This agricultural sector growth metric is closely watched by government agencies, industry groups, and market analysts to understand the broader economic conditions impacting farmers, ranchers, and related industries.
Key Facts
- The DEAGRRQGSP data series dates back to 2005.
- The agriculture sector accounts for over $1 trillion in annual U.S. economic output.
- Seasonal adjustments help smooth out weather-related volatility in agricultural production.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (DEAGRRQGSP) measures the seasonally adjusted annual pace of change in real gross state product (GSP) for the agriculture, forestry, fishing, and hunting sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This agricultural sector growth metric is critical for understanding the health and productivity of the U.S. agricultural economy, which is a key driver of overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and survey data.
Q: How is this trend used in economic policy?
A: This agricultural sector growth data is closely watched by government agencies, industry groups, and market analysts to assess broader economic conditions impacting farmers, ranchers, and related industries.
Q: Are there update delays or limitations?
A: The DEAGRRQGSP data is published on a quarterly basis, with a lag of several months, and may be subject to periodic revisions.
Related Trends
Real Gross Domestic Product: Information (51) in Delaware
DEINFORGSP
Total Wages and Salaries in Delaware
DEWTOT
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Delaware
DEPCEFCENPISH
Estimated Percent of People Under Age 5 in Poverty for Delaware
PP0T4DE10000A156NCEN
Estimated Percent of Related Children Age 5-17 in Families in Poverty for Delaware
PP5T17DE10000A156NCEN
Monthly State Retail Sales: Total Retail Sales Excluding Nonstore Retailers in Delaware
MSRSDETOTAL
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (DEAGRRQGSP), retrieved from FRED.