Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Missouri
MOAGRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,587.30
Year-over-Year Change
-22.10%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Missouri' series measures the economic output of these industries within the state of Missouri. This data is crucial for understanding the role of natural resource-based sectors in the state'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
This series represents the value added by the agriculture, forestry, fishing, and hunting industries to Missouri's gross domestic product. It provides a comprehensive view of the economic activity and productivity within these important natural resource-based sectors at the state level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional economic accounts.
Historical Context
Policymakers and economic analysts use this data to inform decisions and policies related to Missouri's natural resource industries and their contribution to the state's overall economic performance.
Key Facts
- Missouri's agriculture, forestry, fishing, and hunting industries account for over 5% of the state's GDP.
- The sector experienced a 3.2% increase in real value added in 2021 compared to the prior year.
- This industry group employs more than 100,000 workers in Missouri.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product, or economic output, contributed by the agriculture, forestry, fishing, and hunting industries within the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the role and performance of natural resource-based sectors in Missouri's economy, which can inform policy decisions and economic strategies.
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 regional economic accounts program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the contribution of Missouri's natural resource industries to the state's overall economic performance and to inform decisions related to these sectors.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Missouri (MOAGRNQGSP), retrieved from FRED.