Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Indiana
INAGRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,174.40
Year-over-Year Change
25.60%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the agriculture, forestry, fishing, and hunting sector in the state of Indiana. It is an important indicator of the productivity and health of a key component of Indiana's 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 INAGRNGSP series represents the GDP contribution from the agriculture, forestry, fishing, and hunting industry in Indiana. It is a valuable metric for analyzing the performance and trends within this vital economic sector, which plays a significant role in Indiana's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the economic conditions and development in Indiana's rural and natural resource-based sectors.
Key Facts
- Indiana's agriculture, forestry, fishing, and hunting sector accounts for over 5% of the state's total GDP.
- This industry employs more than 100,000 workers in Indiana.
- The INAGRNGSP trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The INAGRNGSP series measures the gross domestic product (GDP) contribution from the agriculture, forestry, fishing, and hunting industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the productivity and health of a key component of Indiana's economy, providing valuable insights for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the economic conditions and development in Indiana's rural and natural resource-based sectors.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly, but there may be occasional delays due to the complex data collection and calculation process.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Indiana (INAGRNGSP), retrieved from FRED.