Annual
L318071A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.33
Year-over-Year Change
116.56%
Date Range
1/1/1952 - 1/1/1967
Summary
The Annual trend measures the annual growth rate of nominal gross domestic product (GDP) in the United States. This statistic is a key indicator of overall economic performance 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
Nominal GDP represents the total dollar value of all goods and services produced in the U.S. economy over a one-year period. The annual growth rate provides insight into the pace and direction of economic expansion or contraction.
Methodology
This data is calculated by the U.S. Bureau of Economic Analysis using comprehensive national accounts information.
Historical Context
Economists and policymakers closely monitor the annual GDP growth rate to assess the health of the broader economy.
Key Facts
- GDP grew 5.7% in 2021, the fastest pace since 1984.
- The U.S. economy contracted 3.4% in 2020 due to the COVID-19 pandemic.
- Nominal GDP reached a record $23 trillion in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year growth rate of nominal gross domestic product (GDP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: The annual GDP growth rate is a key indicator of overall economic performance and the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using comprehensive national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the annual GDP growth rate to assess the health of the broader economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The annual GDP growth rate data is typically released with a lag of several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (L318071A027NBEA), retrieved from FRED.