Chain-Type Quantity Index for Real GDP: Private Industries in Iowa
Quarterly, Seasonally Adjusted
IAPIQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.87
Year-over-Year Change
-3.05%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the Index of Agricultural Production in the United States. This key metric provides insights into the overall productivity and supply of the agricultural sector, which is a critical component of the U.S. 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
The Index of Agricultural Production (IAP) tracks changes in the total agricultural output of the United States on a quarterly basis. This comprehensive economic indicator is used by policymakers, analysts, and economists to assess the health and trends within the agricultural industry.
Methodology
The IAP is calculated by the U.S. Department of Agriculture based on survey data and production statistics.
Historical Context
The IAP is closely monitored to understand the impact of weather, trade policies, and other factors on agricultural supply and prices.
Key Facts
- The IAP has a base year of 2012 = 100.
- Quarterly updates provide timely insight into agricultural trends.
- The IAP is a leading indicator for food prices and supply.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the overall output and productivity of the U.S. agricultural sector on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The IAP is a key indicator for understanding the health and supply dynamics of the agricultural industry, which is a vital component of the U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Department of Agriculture calculates the IAP based on comprehensive survey data and production statistics.
Q: How is this trend used in economic policy?
A: The IAP is closely monitored by policymakers, economists, and market analysts to assess the impact of factors like weather, trade, and other policies on agricultural supply and prices.
Q: Are there update delays or limitations?
A: The IAP is updated quarterly, providing timely insight into agricultural production trends. There may be minor lags in data reporting due to the comprehensive nature of the surveys and calculations.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (IAPIQQGSP), retrieved from FRED.