Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Massachusetts
Quarterly, Seasonally Adjusted Annual Rate
MAAGRRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
762.20
Year-over-Year Change
-25.59%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (MAAGRRQGSP) measures the annualized growth rate of real gross state product (GSP) on a quarterly basis. This key economic indicator provides insights into the overall economic performance of U.S. states.
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 (MAAGRRQGSP) is a widely followed economic metric that tracks the annualized growth rate of real gross state product (GSP) for the United States. It offers a comprehensive view of economic activity and productivity at the state level, which is crucial for policymakers and analysts to assess regional economic trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a standardized methodology to adjust for seasonal variations.
Historical Context
This metric is closely monitored by economists, policymakers, and market participants to gauge the health and trajectory of state-level economies.
Key Facts
- The MAAGRRQGSP data is released on a quarterly basis.
- Real GSP growth can vary significantly across different U.S. states.
- The metric is a key input for evaluating regional economic performance.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (MAAGRRQGSP) measures the annualized growth rate of real gross state product (GSP) on a quarterly basis for the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the overall economic performance and productivity of U.S. states, which is essential for policymakers, economists, and market participants to assess regional economic trends and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a standardized methodology to adjust for seasonal variations.
Q: How is this trend used in economic policy?
A: The Quarterly, Seasonally Adjusted Annual Rate (MAAGRRQGSP) is closely monitored by economists, policymakers, and market participants to gauge the health and trajectory of state-level economies, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The MAAGRRQGSP data is released on a quarterly basis, so there may be a delay in the most recent data available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MAAGRRQGSP), retrieved from FRED.