Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Tennessee
Annual, Not Seasonally Adjusted
TNAGRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,532.00
Year-over-Year Change
12.58%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures nominal gross state product, which represents the total value of goods and services produced within a state over a year. This metric is important for economists and policymakers to gauge regional economic performance and growth.
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 series provides a comprehensive overview of economic activity at the state level, capturing the total dollar value of all final goods and services produced. This metric offers insights into the size and structure of state economies and is widely used to analyze regional economic trends and make informed policy decisions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Historical Context
This economic indicator is closely monitored by government agencies, researchers, and businesses to understand the relative economic strength of different states and inform policymaking and investment decisions.
Key Facts
- The data is released annually by the U.S. Bureau of Economic Analysis.
- Nominal gross state product accounts for changes in prices, unlike real GDP.
- This metric can be used to compare the relative economic size and performance of different states.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the nominal gross state product, which represents the total value of goods and services produced within a state over a year.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to gauge regional economic performance and growth, and to make informed decisions about policy, investment, and resource allocation.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical methods.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by government agencies, researchers, and businesses to understand the relative economic strength of different states and inform policymaking and investment decisions.
Q: Are there update delays or limitations?
A: The data is released annually, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (TNAGRNGSP), retrieved from FRED.