Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Wisconsin
WIFRSTFISHNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
845.70
Year-over-Year Change
110.27%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Wisconsin measures the economic output of these natural resource-based industries in the state. This data provides insights into the importance of these sectors to Wisconsin's overall 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 economic trend represents the value-added contribution of forestry, fishing, and related activities to Wisconsin's gross domestic product. Economists and policymakers analyze this data to understand the role of natural resource-based industries in the state's economic performance.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical sources.
Historical Context
This trend can inform policy decisions related to natural resource management and economic development in Wisconsin.
Key Facts
- Wisconsin's forestry, fishing, and related activities account for a small but important part of the state's GDP.
- This sector has seen moderate growth in recent years, reflecting the state's natural resource-based industries.
- The data is published quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the economic output or value-added contribution of forestry, fishing, and related activities to Wisconsin's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the role of natural resource-based industries in Wisconsin's economy, which can inform policy and business decisions.
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 sources.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions related to natural resource management and economic development in Wisconsin.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical release delay of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Wisconsin (WIFRSTFISHNGSP), retrieved from FRED.