Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Massachusetts
Quarterly, Seasonally Adjusted Annual Rate
MAARTENTRECNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,281.80
Year-over-Year Change
30.83%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the Quarterly, Seasonally Adjusted Annual Rate of real GDP growth. It is a key indicator of the overall health and performance 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 Quarterly, Seasonally Adjusted Annual Rate of real GDP growth tracks the annualized change in the total value of all goods and services produced within the United States. This metric provides economists and policymakers with vital insights into the pace and direction of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator informs fiscal and monetary policy decisions made by the Federal Reserve and U.S. government.
Key Facts
- Quarterly GDP growth averaged 2.3% annually over the past decade.
- The highest quarterly GDP growth rate on record was 33.8% in 1950.
- Negative quarterly GDP growth signals an economic recession.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the annualized change in the total value of all goods and services produced within the United States, providing a measure of overall economic growth.
Q: Why is this trend relevant for users or analysts?
A: The quarterly GDP growth rate is a crucial metric used by economists, policymakers, and market analysts to assess the health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: The quarterly GDP growth rate informs fiscal and monetary policy decisions made by the Federal Reserve and U.S. government to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Bureau of Economic Analysis, Quarterly, Seasonally Adjusted Annual Rate (MAARTENTRECNQGSP), retrieved from FRED.