All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in District of Columbia
Annual
SMU11000004300000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
7.14%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual total output of goods and services in the United States, a key indicator of economic growth and performance.
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, also known as Gross Domestic Product (GDP), is the broadest measure of a country's economic activity. It represents the total value of all final goods and services produced within a country's borders over a one-year period.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on a comprehensive survey of economic activity.
Historical Context
GDP growth is closely watched by policymakers, analysts, and investors as a barometer of the overall health of the U.S. economy.
Key Facts
- The U.S. GDP reached a record high of $23.99 trillion in 2021.
- Real GDP growth in the U.S. averaged 2.3% per year from 2010 to 2019.
- The COVID-19 pandemic caused a 3.4% contraction in U.S. GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total value of all goods and services produced in the United States over a one-year period, which is the broadest indicator of economic activity.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a key barometer of the overall health and performance of the U.S. economy, closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on a comprehensive survey of economic activity.
Q: How is this trend used in economic policy?
A: GDP growth figures are used by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions aimed at promoting economic stability and prosperity.
Q: Are there update delays or limitations?
A: The Annual GDP data is released on a quarterly basis with a delay of approximately one month.
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Citation
U.S. Federal Reserve, Annual (SMU11000004300000001A), retrieved from FRED.