Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Connecticut
Annual, Not Seasonally Adjusted
CTAGRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
515.90
Year-over-Year Change
24.55%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the value of U.S. total gross domestic product (GDP) on an annual basis without seasonal adjustments. This provides a comprehensive overview of the country's overall economic output.
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
This annual GDP series captures the total market value of all final goods and services produced within the United States in a given year. It is a key macroeconomic indicator used by policymakers, analysts, and researchers to gauge the health and trajectory of the national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources including business surveys and government administrative records.
Historical Context
Policymakers and economists closely monitor annual GDP growth to inform decisions around monetary and fiscal policy.
Key Facts
- Annual GDP reached a record high of $23.99 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: The Annual, Not Seasonally Adjusted series measures the total value of all final goods and services produced in the United States over the course of a full calendar year.
Q: Why is this trend relevant for users or analysts?
A: Annual GDP is a crucial macroeconomic indicator used by policymakers, economists, and market analysts to assess the overall health and performance of the national economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources including business surveys and government administrative records.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor annual GDP growth to inform decisions around monetary and fiscal policy, with the goal of promoting sustainable economic expansion.
Q: Are there update delays or limitations?
A: The annual GDP data is typically released several months after the end of the calendar year, so there can be a lag in availability. Additionally, the data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CTAGRNGSP), retrieved from FRED.