Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Wisconsin
Quarterly, Seasonally Adjusted Annual Rate
WIAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,628.20
Year-over-Year Change
45.61%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (WIAGRNQGSP) tracks the gross state product (GSP) for the state of Wisconsin. This metric is a key indicator of economic activity and performance at the state level.
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
The Quarterly, Seasonally Adjusted Annual Rate measures the total economic output of the state of Wisconsin, adjusted for seasonal variations. GSP is the state-level equivalent of the national Gross Domestic Product (GDP) and is used by economists and policymakers to analyze regional economic trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sector sources.
Historical Context
Trends in Wisconsin's GSP are closely monitored by state officials, businesses, and investors to gauge the overall health of the state's economy.
Key Facts
- Wisconsin's GSP reached a record high of $359 billion in 2021.
- The state's economic output contracted by 3.5% in 2020 due to the COVID-19 pandemic.
- Manufacturing is a key driver of Wisconsin's economy, accounting for over 18% of GSP.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (WIAGRNQGSP) measures the total economic output of the state of Wisconsin, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Trends in Wisconsin's GSP are closely monitored by state officials, businesses, and investors to gauge the overall health 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 using a variety of government and private sector sources.
Q: How is this trend used in economic policy?
A: Wisconsin's GSP data is used by state officials, economists, and policy analysts to understand regional economic performance and inform economic development strategies.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted Annual Rate data is published with a lag of approximately three months by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (WIAGRNQGSP), retrieved from FRED.