Annual, Not Seasonally Adjusted
NNBGVDA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,352,548.00
Year-over-Year Change
61.25%
Date Range
1/1/1959 - 1/1/2016
Summary
The 'Annual, Not Seasonally Adjusted' series measures the value of U.S. gross domestic product (GDP) on an annual basis without seasonal adjustments. This metric is closely watched by economists to analyze long-term economic growth trends.
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
GDP is the total market value of all goods and services produced within a country in a given year. The not seasonally adjusted annual GDP figure provides a clear picture of year-over-year economic performance without the fluctuations caused by seasonal factors.
Methodology
The Bureau of Economic Analysis (BEA) calculates GDP based on data from various government and private sources.
Historical Context
Policymakers and analysts use annual GDP to assess the overall health and direction of the U.S. economy.
Key Facts
- GDP reached a record high of $23.9 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- GDP growth averaged 2.3% per year from 2010 to 2019.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services produced in the United States on an annual basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Annual GDP is a key indicator of overall economic health and growth, providing a clear picture of long-term economic performance.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates GDP based on data from various government and private sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use annual GDP data to assess the overall direction of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The annual GDP data is typically released by the BEA with a lag of several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NNBGVDA027N), retrieved from FRED.