National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Switzerland
Annual
CHEGDPNADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
781,460,269,370.00
Year-over-Year Change
25.12%
Date Range
1/1/1980 - 1/1/2022
Summary
The Annual Gross Domestic Product (GDP) measures the total monetary value of all goods and services produced within a country over a one-year period. It is a key indicator of economic health 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
Annual GDP is a comprehensive metric that captures the overall size and performance of a national economy. It is widely used by economists, policymakers, and market analysts to assess economic conditions, make forecasts, and inform policy decisions.
Methodology
The data is collected through surveys, census reports, and other government sources, then aggregated and calculated by statistical agencies.
Historical Context
Annual GDP trends are closely monitored for their implications on employment, inflation, trade, and other key economic factors.
Key Facts
- The U.S. Annual GDP was $23.9 trillion in 2021.
- GDP growth rates can signal economic expansion or recession.
- Annual GDP is adjusted for inflation to provide a real measure of economic activity.
FAQs
Q: What does this economic trend measure?
A: The Annual Gross Domestic Product (GDP) measures the total value of all goods and services produced in a country over a one-year period, providing a comprehensive metric of economic size and performance.
Q: Why is this trend relevant for users or analysts?
A: Annual GDP is a crucial indicator used by economists, policymakers, and market participants to assess the overall health and growth of a national economy, with implications for employment, inflation, trade, and other key economic factors.
Q: How is this data collected or calculated?
A: The data for Annual GDP is collected through surveys, census reports, and other government sources, then aggregated and calculated by statistical agencies.
Q: How is this trend used in economic policy?
A: Annual GDP trends are closely monitored by policymakers, who use the data to inform decisions on fiscal and monetary policies, as well as to assess the effectiveness of economic interventions and guide long-term economic planning.
Q: Are there update delays or limitations?
A: Annual GDP data is typically released with a lag of several months, as the underlying data must be compiled and processed. There may also be revisions to previous years' figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual Gross Domestic Product (CHEGDPNADSMEI), retrieved from FRED.