Gross Domestic Product: Information (51) in Connecticut
Annual, Not Seasonally Adjusted
CTINFONGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,297.10
Year-over-Year Change
90.39%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures nominal gross state product (GSP) growth at the national level. It is a key indicator of overall U.S. economic activity and 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 trend represents the total dollar value of all goods and services produced within the United States, expressed as an annual growth rate without seasonal adjustments. It is widely used by economists and policymakers to assess the health and trajectory of the national economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and statistical modeling.
Historical Context
Policymakers and market analysts closely monitor this metric to inform decisions around fiscal, monetary, and economic policies.
Key Facts
- The U.S. economy grew 5.7% in 2021 on an annual, non-adjusted basis.
- Nominal GSP measures economic output in current dollar terms, unlike real GSP which adjusts for inflation.
- This trend is a broader measure of economic activity than just personal consumption or business investment.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total nominal dollar value of all goods and services produced within the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall U.S. economic health and growth, providing insights that inform policy decisions and market expectations.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this metric to guide decisions around fiscal, monetary, and economic policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CTINFONGSP), retrieved from FRED.