Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Wisconsin
Annual, Not Seasonally Adjusted
WIAGRRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,047.20
Year-over-Year Change
54.98%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the gross state product (GSP) for the agricultural, forestry, fishing, and hunting sector in the United States. This metric provides insight into the economic performance and productivity of a key part of the U.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
The GSP for the agricultural, forestry, fishing, and hunting sector tracks the total economic output generated by these industries within a given state or the nation as a whole. This data point is used by economists and policymakers to monitor sectoral trends, assess regional economic conditions, and inform policy decisions.
Methodology
The U.S. Bureau of Economic Analysis collects and calculates this data based on industry surveys and economic models.
Historical Context
Policymakers and businesses use this data to understand the health and trajectory of a critical segment of the U.S. economy.
Key Facts
- The agricultural, forestry, fishing, and hunting sector accounts for approximately 1% of U.S. GDP.
- This series is released annually with a 1-year lag.
- Trends in this data can signal changes in commodity prices, farm incomes, and rural economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the gross state product (GSP) for the agricultural, forestry, fishing, and hunting sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and productivity of a key part of the U.S. economy, which is useful for economists, policymakers, and businesses monitoring sectoral trends and regional economic conditions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects and calculates this data based on industry surveys and economic models.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this data to understand the health and trajectory of the agricultural, forestry, fishing, and hunting sector, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: This series is released annually with a 1-year lag, so the most recent data point may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (WIAGRRGSP), retrieved from FRED.