Annual
SLGERFA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
243,378.80
Year-over-Year Change
54.15%
Date Range
1/1/1960 - 1/1/2012
Summary
The Annual trend measures the annual rate of growth in real gross domestic product (GDP) in the United States. It is a key indicator of overall economic performance and a key input for economic analysis and policymaking.
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 Annual trend tracks the year-over-year change in real GDP, which is GDP adjusted for inflation. It is one of the most widely followed economic indicators, as GDP growth is a fundamental measure of a country's economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic data.
Historical Context
Policymakers and analysts monitor GDP growth closely to assess the health of the economy and guide decisions on fiscal and monetary policy.
Key Facts
- GDP grew 2.3% in 2022.
- GDP growth averaged 2.5% annually from 2010-2019.
- The COVID-19 pandemic caused GDP to contract 3.4% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in real gross domestic product (GDP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a fundamental indicator of a country's economic performance and a key input for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor GDP growth closely to assess the health of the economy and guide decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The Annual data is released quarterly by the Bureau of Economic Analysis, with a typical delay of one month.
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Citation
U.S. Federal Reserve, Annual (SLGERFA027N), retrieved from FRED.