Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Rhode Island
Quarterly, Seasonally Adjusted Annual Rate
RIAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
175.70
Year-over-Year Change
60.90%
Date Range
1/1/2005 - 10/1/2022
Summary
The Quarterly, Seasonally Adjusted Annual Rate (RIAGRNQGSP) measures the inflation-adjusted gross state product (real GSP) for the U.S. agriculture, forestry, fishing, and hunting sector on an annualized basis.
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 economic trend provides insight into the overall performance and growth of the agriculture-related industries within a state's economy. It is a key indicator used by economists and policymakers to assess the health and productivity of the U.S. agricultural sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
This trend helps inform agricultural and rural development policies at the state and federal levels.
Key Facts
- Agriculture, forestry, fishing, and hunting account for over $1 trillion in U.S. GDP.
- The agriculture sector employs over 2.6 million people in the United States.
- The U.S. is the world's largest exporter of agricultural products.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (RIAGRNQGSP) measures the inflation-adjusted gross state product (real GSP) for the U.S. agriculture, forestry, fishing, and hunting sector on an annualized basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and growth of the agriculture-related industries within a state's economy, which is crucial information for economists, policymakers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend helps inform agricultural and rural development policies at the state and federal levels, as it provides a comprehensive view of the economic activity and productivity within the agriculture sector.
Q: Are there update delays or limitations?
A: The data is updated quarterly, but there may be a 1-2 quarter delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (RIAGRNQGSP), retrieved from FRED.