Gross Domestic Product: Accommodation and Food Services (72) in Idaho
Annual, Not Seasonally Adjusted
IDACCFDNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,492.60
Year-over-Year Change
205.81%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the annual change in consumer disposable income for the United States. This key economic indicator provides insights into household spending power and consumer confidence.
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 trend tracks the year-over-year change in personal disposable income, which is personal income minus personal current taxes. It is a vital statistic for analyzing consumer behavior and the overall health of the U.S. economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and tax records.
Historical Context
Policymakers and market analysts closely monitor changes in consumer disposable income to assess the strength of consumer demand and make informed decisions.
Key Facts
- Disposable income grew 2.9% in 2021 compared to 2020.
- Consumer spending accounts for over two-thirds of U.S. GDP.
- Disposable income is a key driver of consumer confidence and spending.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the year-over-year change in personal disposable income for the United States.
Q: Why is this trend relevant for users or analysts?
A: Disposable income is a critical indicator of consumer spending power and confidence, which are vital for understanding the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and tax records.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor changes in consumer disposable income to assess the strength of consumer demand and make informed decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short time lag, providing timely insights into consumer income trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IDACCFDNGSP), retrieved from FRED.