Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Oregon
Annual, Not Seasonally Adjusted
ORAGRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,510.10
Year-over-Year Change
50.01%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures Oregon's agricultural gross state product. It provides a comprehensive view of the state's agricultural economic output.
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 annual, non-seasonally adjusted data series represents the total monetary value of agricultural goods and services produced in the state of Oregon. It is a key indicator of the overall health and productivity of Oregon's agricultural sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Policymakers and economists use this data to analyze trends in Oregon's agricultural economy and inform policies related to farming, trade, and rural development.
Key Facts
- Oregon's agricultural gross state product was $5.7 billion in 2021.
- The agricultural sector accounts for over 10% of Oregon's total economic output.
- Crop production makes up the largest share of Oregon's agricultural GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of agricultural goods and services produced in the state of Oregon on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides a comprehensive view of the performance and economic importance of Oregon's agricultural sector, which is crucial for policymakers, researchers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze trends in Oregon's agricultural economy and inform policies related to farming, trade, and rural development.
Q: Are there update delays or limitations?
A: The data is released annually with a lag of several months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ORAGRNGSP), retrieved from FRED.