Real Gross Domestic Product: All Industry Total in Colorado
Annual, Not Seasonally Adjusted
CORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
445,302.40
Year-over-Year Change
53.90%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the annual growth rate of real gross domestic product (GDP) for the corporate sector of the U.S. economy. This metric is important for understanding the overall health and performance of the corporate sector.
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, Not Seasonally Adjusted GDP for the corporate sector provides insight into the long-term growth and productivity trends of businesses within the broader U.S. economy. Economists and policymakers analyze this data to assess the strength of the private sector and identify potential areas for economic intervention.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
Policymakers and market analysts use this metric to gauge the underlying momentum of the corporate economy and its implications for broader economic policy.
Key Facts
- The corporate sector accounts for over 60% of U.S. GDP.
- Annual corporate GDP growth averaged 2.5% from 2010-2019.
- The COVID-19 pandemic caused a 3.4% decline in corporate GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the year-over-year growth rate of real gross domestic product (GDP) for the corporate sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the long-term performance and productivity of the private business sector, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to gauge the underlying momentum of the corporate economy and its implications for broader economic policy and investment decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a delay of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CORGSP), retrieved from FRED.