Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Connecticut
CTAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
528.70
Year-over-Year Change
41.93%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the Gross Domestic Product (GDP) of the agriculture, forestry, fishing, and hunting sector in the state of Connecticut. It provides insight into the performance and contribution of this key industry to the state's overall economic activity.
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 CTAGRNQGSP series represents the total value added by the agriculture, forestry, fishing, and hunting industry in Connecticut's GDP. This data is used by economists and policymakers to analyze the state's economic composition, productivity, and industry-specific trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their comprehensive GDP reporting.
Historical Context
This economic indicator is relevant for understanding Connecticut's economic structure, policy decisions, and industry competitiveness.
Key Facts
- Connecticut's agriculture, forestry, fishing, and hunting sector accounts for approximately 1% of the state's total GDP.
- This industry's GDP has remained relatively stable over the past decade, with modest fluctuations.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of the agriculture, forestry, fishing, and hunting sector in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and contribution of a key industry to Connecticut's overall economic activity, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their comprehensive GDP reporting.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for understanding Connecticut's economic structure, informing policy decisions, and evaluating industry competitiveness.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Connecticut (CTAGRNQGSP), retrieved from FRED.