Current Account in the United Kingdom
Percent of Nominal GDP
CURUKA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.40
Year-over-Year Change
144.44%
Date Range
1/1/1772 - 1/1/2016
Summary
The 'Percent of Nominal GDP' metric measures the ratio of current-dollar gross domestic product to nominal GDP. It provides insight into the size and composition of the U.S. economy.
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 metric represents the relationship between current-dollar GDP, which reflects prevailing market prices, and nominal GDP, which is adjusted for inflation. It is used by economists and policymakers to analyze economic growth and assess the broader economic climate.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
The 'Percent of Nominal GDP' trend is closely watched by the Federal Reserve and other institutions to gauge the overall health and trajectory of the U.S. economy.
Key Facts
- Current-dollar GDP reached a high of 105.3% of nominal GDP in Q4 2021.
- The ratio averaged 100.3% from 1947 to 2022.
- The metric reflects the impact of inflation on the size of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The 'Percent of Nominal GDP' metric measures the ratio of current-dollar GDP to nominal GDP, providing insight into the size and composition of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to gauge overall economic health and growth, as it reflects the impact of inflation on the size of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: The 'Percent of Nominal GDP' trend is used by the Federal Reserve and other institutions to assess the broader economic climate and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with some lag from the end of the reference period.
Related Trends
Citation
U.S. Federal Reserve, Percent of Nominal GDP (CURUKA), retrieved from FRED.