Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Maryland
Quarterly, Seasonally Adjusted Annual Rate
MDAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,018.20
Year-over-Year Change
40.80%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (MDAGRNQGSP) tracks the annualized change in U.S. gross domestic product (GDP) on a quarterly basis, providing a timely indicator of economic growth.
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 metric is a key economic indicator used by policymakers, analysts, and businesses to assess the overall health and trajectory of the U.S. economy. It allows for comparison of growth rates across quarters and helps identify economic trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly surveys of businesses and households.
Historical Context
Quarterly GDP growth is closely monitored for signs of expansion or contraction, informing monetary and fiscal policy decisions.
Key Facts
- GDP grew at an annualized rate of 2.9% in Q4 2022.
- The U.S. economy expanded by 3.2% in 2022.
- Quarterly GDP is published about a month after each quarter ends.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (MDAGRNQGSP) measures the annualized change in U.S. gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic growth and performance, providing timely insights that inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Quarterly GDP growth is closely monitored by policymakers, central banks, and economic analysts to assess the overall health of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published about a month after each quarter ends, providing a timely but lagging indicator of economic activity.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MDAGRNQGSP), retrieved from FRED.