Annual
L318451A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.50
Year-over-Year Change
-44.44%
Date Range
1/1/1952 - 1/1/1967
Summary
The 'Annual' series measures the annual changes in gross domestic product (GDP), a key indicator of overall economic activity 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' series tracks the year-over-year percent change in real GDP, which is the broadest measure of a country's economic output adjusted for inflation. This metric is widely used by economists, policymakers, and analysts to assess the health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
Policymakers and markets closely monitor GDP growth to inform economic and monetary policy decisions.
Key Facts
- GDP grew by 5.7% in 2021, the fastest pace since 1984.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Annual GDP growth has averaged 2.3% since 2010.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' series measures the year-over-year percent change in real gross domestic product (GDP), the broadest indicator of overall U.S. economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a key metric used by economists, policymakers, and market participants to assess the health and trajectory of the U.S. economy, informing important decisions around economic and monetary policy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor GDP growth to inform decisions on interest rates, fiscal policy, and other measures aimed at promoting economic stability and prosperity.
Q: Are there update delays or limitations?
A: The 'Annual' GDP data is published by the Bureau of Economic Analysis with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (L318451A027NBEA), retrieved from FRED.