Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Maine
MEAGRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.16
Year-over-Year Change
-9.73%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Maine measures the inflation-adjusted production output of these industries in the state.
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 index tracks changes in the real GDP contribution of Maine's agriculture, forestry, fishing, and hunting sectors over time. It is a key indicator of economic activity and productivity in these important natural resource-based industries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity information.
Historical Context
Policymakers and analysts use this index to assess the performance and outlook of Maine's natural resource economy.
Key Facts
- The index has a 2012 base year.
- Maine's natural resource sectors account for over 5% of state GDP.
- The index peaked in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted production output of Maine's agriculture, forestry, fishing, and hunting industries.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the economic performance and productivity of important natural resource sectors in Maine.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the outlook and development of Maine's natural resource-based economy.
Q: Are there update delays or limitations?
A: The index data may have a lag of several months before the latest figures are published.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Maine (MEAGRQQGSP), retrieved from FRED.