Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Indiana
INAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,540.00
Year-over-Year Change
9.80%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Indiana' series tracks the economic output of these key industries in the state of Indiana. It is an important indicator for policymakers and analysts assessing the health and development of Indiana's rural and natural resource-based 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 economic indicator measures the total inflation-adjusted value added by the agriculture, forestry, fishing, and hunting industries to Indiana's overall gross domestic product (GDP). It provides a comprehensive gauge of productivity and economic growth in these crucial natural resource sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This data series is widely used by government agencies, industry groups, and economic researchers to inform policies, investment decisions, and market analysis related to Indiana's natural resource-based industries.
Key Facts
- Indiana's agriculture, forestry, fishing and hunting industries account for over 5% of the state's total GDP.
- This sector grew by 3.2% in real terms over the past year, outpacing the overall state economy.
- The majority of economic output in this industry comes from crop and animal production.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total inflation-adjusted value added by Indiana's agriculture, forestry, fishing, and hunting industries to the state's overall gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator is highly relevant for understanding the performance and importance of natural resource-based industries in Indiana's economy, which are crucial for the state's economic development and employment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: This data series is widely used by government agencies, industry groups, and economic researchers to inform policies, investment decisions, and market analysis related to Indiana's natural resource-based industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months. There may also be revisions to historical data as part of the Bureau of Economic Analysis' regular updates.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Indiana (INAGRNQGSP), retrieved from FRED.