Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Indiana
Annual, Not Seasonally Adjusted
INMINNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,834.80
Year-over-Year Change
9.22%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures annual natural gas production in the United States. This metric is closely tracked by energy analysts and policymakers to understand the nation's domestic energy supply and consumption patterns.
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 series represents the total annual amount of natural gas produced in the U.S. by the mining industry, without adjustment for seasonal variations. It provides a high-level indicator of the country's natural gas production capacity and trends over time.
Methodology
The data is collected and reported annually by the U.S. Energy Information Administration.
Historical Context
This trend is used to inform energy policy decisions and assess the long-term trajectory of the U.S. natural gas market.
Key Facts
- Natural gas is a major energy source for electricity generation and industrial use in the U.S.
- Domestic natural gas production has risen significantly in recent decades due to advances in extraction techniques.
- The U.S. has become a net exporter of natural gas in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual volume of natural gas produced in the United States by the mining industry, without adjustment for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the nation's domestic energy supply and long-term production capacity, which is closely tracked by energy analysts and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is used to inform energy policy decisions and assess the long-term trajectory of the U.S. natural gas market.
Q: Are there update delays or limitations?
A: As an annual dataset, there is typically a 1-2 year delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (INMINNGSP), retrieved from FRED.