Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in the Southeast BEA Region
Annual, Not Seasonally Adjusted
SESTAGRRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,279.70
Year-over-Year Change
51.80%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted data series measures the real gross state product (GSP) for the agricultural sector in the United States. This metric is important for economists and policymakers to assess the health and performance of the agricultural industry.
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 Annual, Not Seasonally Adjusted GSP for agriculture represents the total economic output of the U.S. agricultural sector over a 12-month period. It is a key indicator used to analyze trends in agricultural productivity, profitability, and the sector's overall contribution to the national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
Policymakers and agricultural market participants closely monitor this trend to inform decisions around trade, subsidies, and other policies affecting the sector.
Key Facts
- The agricultural sector accounts for over $1 trillion in annual economic output.
- The agricultural industry employs more than 2.6 million workers in the United States.
- The United States is the world's largest exporter of agricultural products.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted data series measures the real gross state product (GSP) for the agricultural sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess the health and performance of the agricultural industry, which is a key driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and agricultural market participants closely monitor this trend to inform decisions around trade, subsidies, and other policies affecting the sector.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted GSP data is typically published with a 1-2 year lag due to the comprehensive nature of the underlying surveys and calculations.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SESTAGRRGSP), retrieved from FRED.