Imports of Services: Government goods and services n.i.e.
Annual, Not Seasonally Adjusted
IEAMSGA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,609.00
Year-over-Year Change
-8.08%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted (IEAMSGA) series measures the total value of goods and services produced by the U.S. economy annually, without adjusting for seasonal variations. This metric is a key indicator of overall economic output and growth.
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 (IEAMSGA) series represents the Gross Domestic Product (GDP) of the United States on an annual basis, without seasonal adjustments. GDP is the most comprehensive measure of economic activity and is widely used by policymakers, analysts, and researchers to assess the health and performance of the U.S. economy.
Methodology
The data for this series is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on various economic surveys and data sources.
Historical Context
The IEAMSGA series is closely monitored by the Federal Reserve, government agencies, and private sector analysts to inform economic policy decisions and market forecasts.
Key Facts
- The U.S. GDP reached a record high of $23.3 trillion in 2021.
- The economy grew by 5.7% in 2021 after contracting 3.4% in 2020 due to the COVID-19 pandemic.
- The service sector accounts for the largest share of GDP, contributing over 70% of total economic output.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted (IEAMSGA) series measures the total value of goods and services produced by the U.S. economy on an annual basis, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The IEAMSGA series is a crucial indicator of overall economic performance and growth, providing policymakers, economists, and market analysts with important insights into the health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data for the IEAMSGA series is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on various economic surveys and data sources.
Q: How is this trend used in economic policy?
A: The IEAMSGA series is closely monitored by the Federal Reserve, government agencies, and private sector analysts to inform economic policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The IEAMSGA series is subject to periodic revisions and updates by the BEA, and there may be some delays in the availability of the most recent data.
Related Trends
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IMPJP
U.S. Imports of Goods by Customs Basis from France
IMPFR
Imports of Goods: General Merchandise: Industrial supplies and materials
IEAMGI
U.S. Imports of Services: Transport
ITMTRAM133S
Imports of Goods and Services: Balance of Payments Basis
BOPTIMP
Advance U.S. International Trade in Goods: Imports: Other Goods
AITGIOS
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IEAMSGA), retrieved from FRED.