Annual
L318461A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.70
Year-over-Year Change
125.58%
Date Range
1/1/1952 - 1/1/1967
Summary
The Annual trend measures the percent change in gross domestic product from the previous year. It is a key indicator of overall economic growth and a critical input for policymakers and analysts.
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 year-over-year percent change in real GDP, which is the broadest measure of economic output. It provides a high-level assessment of the economy's performance and momentum compared to the prior period.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
The Annual GDP growth rate is closely watched by the Federal Reserve, economists, and financial markets as a gauge of the economy's health and trajectory.
Key Facts
- The Annual GDP growth rate was 5.7% in 2021.
- It reached a low of -3.4% in 2020 due to the COVID-19 pandemic.
- The average Annual GDP growth rate from 2010-2019 was 2.3%.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in real gross domestic product, which is the broadest indicator of overall economic output and growth.
Q: Why is this trend relevant for users or analysts?
A: The Annual GDP growth rate is a critical macroeconomic indicator used by policymakers, economists, and financial markets to assess the economy's performance and trajectory.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: The Annual GDP growth rate is closely watched by the Federal Reserve and other policymakers as a gauge of the overall health of the economy, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Annual GDP growth rate data is subject to revisions by the Bureau of Economic Analysis as more complete information becomes available, with an initial release followed by several updates.
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Citation
U.S. Federal Reserve, Annual (L318461A027NBEA), retrieved from FRED.