Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Ohio
OHAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,719.20
Year-over-Year Change
17.62%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Ohio' series measures the economic output of the agriculture, forestry, fishing, and hunting sector in the state of Ohio. This key indicator provides insights into the productivity and trends within a critical component of Ohio'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
This series tracks the total gross domestic product (GDP) generated by establishments primarily engaged in growing crops, raising animals, harvesting timber, and fishing and hunting within the state of Ohio. The data is used by economists and policymakers to assess the health and composition of Ohio's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP by industry statistics.
Historical Context
Monitoring this sector's GDP is important for understanding Ohio's economic performance and supporting informed policy decisions.
Key Facts
- Ohio is a leading agricultural state, contributing over $100 billion annually to the U.S. economy.
- The agriculture, forestry, fishing and hunting sector accounts for around 1% of Ohio's total GDP.
- This industry employs over 100,000 people in Ohio.
FAQs
Q: What does this economic trend measure?
A: This series measures the total gross domestic product (GDP) generated by establishments primarily engaged in growing crops, raising animals, harvesting timber, and fishing and hunting within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the GDP of Ohio's agriculture, forestry, fishing and hunting sector provides important insights into the productivity and health of a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP by industry statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is used by economists and policymakers to assess the performance of Ohio's economy and support informed policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, reflecting the time required to collect and process the information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Ohio (OHAGRNQGSP), retrieved from FRED.