Chain-Type Quantity Index for Real GDP: All Industry Total in Idaho
Annual, Not Seasonally Adjusted
IDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.56
Year-over-Year Change
60.63%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the year-over-year change in U.S. gross domestic product (GDP). This key economic indicator provides insights into the overall health and growth of the national 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 GDP growth rate trend represents the annual percent change in real GDP, adjusted for inflation. It is a widely followed metric used by economists, policymakers, and market analysts to evaluate the performance and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic reporting.
Historical Context
The GDP growth rate informs federal reserve policy decisions and is closely watched by investors and businesses.
Key Facts
- U.S. GDP grew 2.6% in 2022.
- The highest annual GDP growth rate in the last decade was 5.9% in 2021.
- Negative annual GDP growth indicates an economic recession.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the year-over-year percent change in the U.S. gross domestic product (GDP), a key indicator of overall economic growth.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a widely followed metric that provides insights into the health and trajectory of the national economy, informing decisions by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic reporting.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for Federal Reserve policy decisions and is closely watched by investors and businesses to gauge overall economic performance.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly by the Bureau of Economic Analysis, with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IDQGSP), retrieved from FRED.