Annual
L318391A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.80
Year-over-Year Change
300.00%
Date Range
1/1/1952 - 1/1/1967
Summary
The 'Annual' economic trend measures the year-over-year change in real gross domestic product (GDP), providing insight into the overall health and growth of the U.S. 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
The 'Annual' trend tracks the annual percent change in real GDP, a key indicator of economic performance. It is widely used by economists, policymakers, and analysts to assess the trajectory of the U.S. economy and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts.
Historical Context
Policymakers and market participants closely monitor the annual GDP growth rate to gauge the strength of the economy and inform policy decisions.
Key Facts
- The U.S. economy grew by 5.7% in 2021.
- The COVID-19 pandemic caused a 3.4% contraction in GDP in 2020.
- Annual GDP growth has averaged 2.3% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year percent change in real gross domestic product (GDP), which is the broadest indicator of overall economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The annual GDP growth rate is a critical economic indicator used by policymakers, businesses, and investors to assess the health and trajectory of the U.S. economy, informing decisions and policy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts and surveys.
Q: How is this trend used in economic policy?
A: The annual GDP growth rate is closely monitored by the Federal Reserve and other policymakers to gauge the overall strength of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The annual GDP data is subject to revisions and updates by the Bureau of Economic Analysis, with an initial estimate released at the end of each year.
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Citation
U.S. Federal Reserve, Annual (L318391A027NBEA), retrieved from FRED.