Balance on goods
Annual, Not Seasonally Adjusted
IEABCGA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,215,403.00
Year-over-Year Change
64.00%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic indicator measures the year-over-year change in gross agricultural output. This metric is closely watched by economists and policymakers to gauge the health and productivity of the U.S. agricultural sector.
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 series tracks the total value of agricultural goods and services produced in the United States. It is a key indicator of agricultural sector performance and an important input for analysis of the broader economy.
Methodology
The data is collected through surveys of agricultural producers and processors by the U.S. Department of Agriculture.
Historical Context
Trends in this metric are used by the Federal Reserve, policymakers, and market analysts to understand the agricultural industry's contribution to economic growth.
Key Facts
- Annual agricultural output has averaged $373 billion over the past decade.
- The sector accounts for approximately 1% of total U.S. GDP.
- Crop production makes up over 50% of total agricultural output.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' indicator tracks the total value of goods and services produced by the U.S. agricultural sector on a year-over-year basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and productivity of the agricultural industry, which is a key driver of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of agricultural producers and processors by the U.S. Department of Agriculture.
Q: How is this trend used in economic policy?
A: Trends in this indicator are used by the Federal Reserve, policymakers, and market analysts to understand the agricultural sector's contribution to overall economic growth.
Q: Are there update delays or limitations?
A: The data is released annually with a lag of several months, so there may be delays in using the most current information for analysis.
Related Trends
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IEABCGA), retrieved from FRED.