Annual
L318271A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
172.22%
Date Range
1/1/1952 - 1/1/1967
Summary
The 'Annual' economic trend measures the total annual output of the U.S. economy, providing a key metric for evaluating economic growth and performance.
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' gross domestic product (GDP) trend represents the total market value of all goods and services produced within the United States over a one-year period. It is a comprehensive indicator of economic activity and a widely referenced statistic for policymakers and analysts.
Methodology
The U.S. Bureau of Economic Analysis (BEA) calculates the Annual GDP using data from a variety of government and private sources.
Historical Context
Annual GDP is a crucial input for fiscal and monetary policy decisions made by the Federal Reserve and U.S. government.
Key Facts
- Annual GDP reached a record high of $23.99 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Annual GDP growth averaged 2.3% per year from 2010 to 2019.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the total market value of all goods and services produced in the United States over a one-year period, which is the broadest indicator of overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: Annual GDP is a crucial macroeconomic indicator used by policymakers, economists, and investors to evaluate the health and growth of the U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis (BEA) calculates Annual GDP using data from government agencies and private sources.
Q: How is this trend used in economic policy?
A: Annual GDP figures are closely monitored by the Federal Reserve and U.S. government, serving as a key input for fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The BEA releases initial Annual GDP estimates within a month after the end of the year, with subsequent revisions published in the following months.
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Citation
U.S. Federal Reserve, Annual (L318271A027NBEA), retrieved from FRED.