Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Louisiana
Quarterly, Seasonally Adjusted Annual Rate
LAAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,464.60
Year-over-Year Change
-6.21%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic indicator tracks the annualized gross state product (GSP) growth rate for the agricultural sector in the United States on a quarterly basis. It provides a timely gauge of the performance and health 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 of Agricultural Gross State Product (LAAGRNQGSP) measures the annualized quarter-over-quarter growth rate of the total economic output generated by the U.S. agricultural sector. It is a key indicator used by economists and policymakers to monitor agricultural industry trends and inform decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This indicator is closely watched by agricultural producers, commodity traders, and government agencies for insights into the performance and outlook of the U.S. farm economy.
Key Facts
- The U.S. agricultural sector accounts for over $1 trillion in annual economic output.
- Quarterly GSP growth for agriculture averaged 2.8% over the past 5 years.
- The agricultural industry employs over 21 million workers in the United States.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate of Agricultural Gross State Product (LAAGRNQGSP) tracks the annualized quarter-over-quarter growth rate of total economic output generated by the U.S. agricultural sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the performance and health of the U.S. farm economy, which is a critical driver of overall economic activity. It is closely watched by agricultural producers, commodity traders, and government agencies.
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: Policymakers and economists use this indicator to monitor agricultural industry trends and inform decision-making related to trade, subsidies, and other policies affecting the U.S. farm economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (LAAGRNQGSP), retrieved from FRED.