Forestry, Fishing, Related Activities, and Other Earnings in Virginia
VAEFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
463,289.00
Year-over-Year Change
10.42%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Forestry, Fishing, Related Activities, and Other Earnings in Virginia' trend measures income and earnings in these economic sectors across the state of Virginia. This data is crucial for analyzing the health and productivity of Virginia's natural resource-based industries.
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 total employee compensation, including wages and salaries as well as supplements, for workers in forestry, fishing, and related activities in the state of Virginia. It provides insight into the economic output and income generation of these natural resource-based industries.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Historical Context
Policymakers and industry analysts use this data to monitor the performance and economic contribution of Virginia's forestry, fishing, and related sectors.
Key Facts
- Virginia's forestry and fishing sectors contributed over $2.4 billion to the state's GDP in 2021.
- Employment in Virginia's forestry and fishing industries grew by 4.2% between 2020 and 2021.
- Earnings per worker in these sectors averaged $56,800 in 2021, above the state's overall average.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employee compensation, including wages, salaries, and supplements, for workers in the forestry, fishing, and related activities sectors across the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the economic performance and productivity of Virginia's natural resource-based industries, which are crucial for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to monitor the contribution of Virginia's forestry, fishing, and related sectors, and to inform economic development and natural resource management policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 3 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities, and Other Earnings in Virginia (VAEFOR), retrieved from FRED.