Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Iowa
IAAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,121.70
Year-over-Year Change
-70.93%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Iowa measures the economic output of these industries within the state. This metric is a key indicator of the health and productivity of Iowa's rural economy.
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 represents the inflation-adjusted value added by the agriculture, forestry, fishing and hunting industry in Iowa. It is a component of the overall Gross State Product and helps economists and policymakers assess the relative strength and performance of this vital economic sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive state-level GDP accounts.
Historical Context
Trends in this metric are closely watched by lawmakers, agricultural groups, and market analysts to gauge the fortunes of Iowa's rural economy.
Key Facts
- Iowa is the largest producer of corn and soybeans in the U.S.
- The agriculture industry accounts for over $121 billion in annual economic activity in Iowa.
- Farming and food production employ over 340,000 people in Iowa.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output or value added by the agriculture, forestry, fishing and hunting industries in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This data point is closely tracked by economists, policymakers, and industry groups to gauge the overall health and productivity of Iowa's vital rural economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive state-level GDP accounts.
Q: How is this trend used in economic policy?
A: Trends in this metric are closely watched by lawmakers, agricultural groups, and market analysts to assess the performance and outlook for Iowa's rural economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Iowa (IAAGRNQGSP), retrieved from FRED.