Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Durable goods: Other durable goods
Annual, Not Seasonally Adjusted
B389RN2A224NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.28
Year-over-Year Change
-500.00%
Date Range
1/1/1973 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the value of U.S. gross national income (GNI) in billions of dollars. GNI is a key indicator of a country's economic output and standard of living.
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
Gross national income (GNI) represents the total domestic and foreign income earned by a country's residents and businesses. This measure provides insight into the overall size and productivity of the U.S. economy and is widely used by economists and policymakers.
Methodology
The U.S. Bureau of Economic Analysis calculates GNI annually based on data from various economic surveys and administrative records.
Historical Context
Trends in GNI are closely monitored by the Federal Reserve, government agencies, and financial markets to assess the health and growth of the U.S. economy.
Key Facts
- U.S. GNI reached a record high of $21.78 trillion in 2021.
- GNI growth averaged 2.3% annually from 2010 to 2020.
- Per capita GNI in the U.S. was $67,520 in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total value of goods and services produced by U.S. residents and businesses, known as gross national income (GNI).
Q: Why is this trend relevant for users or analysts?
A: GNI is a crucial indicator of a country's economic size, productivity, and living standards. Tracking GNI helps economists, policymakers, and investors assess the overall health and growth of the U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates GNI annually based on data from various economic surveys and administrative records.
Q: How is this trend used in economic policy?
A: Trends in GNI are closely monitored by the Federal Reserve, government agencies, and financial markets to inform economic and policy decisions that impact employment, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The annual GNI data is typically released with a lag of several months, and revisions may occur in subsequent years as more complete information becomes available.
Related Trends
Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Services: Personnel support
B913RN2Q224SBEA
Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: State and Local: Gross Investment: Equipment
Y070RZ2A224NBEA
State Government Tax Collections, General Sales and Gross Receipts Taxes in the United States
USSALESTAX
Government capital transfer payments
W069RC1Q027SBEA
Current taxes and transfer payments to the rest of the world: From persons
LA0000021A027NBEA
Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Nondurable goods: Petroleum products
B780RN2A224NBEA
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (B389RN2A224NBEA), retrieved from FRED.