Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana
Annual, Not Seasonally Adjusted
LANDURMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,619.40
Year-over-Year Change
1.27%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the gross domestic product (GDP) per capita in real terms for the United States. This key economic indicator provides insight into the country's overall economic performance and standard of living.
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
GDP per capita is a widely used metric that divides the total GDP by the country's population, offering a gauge of economic productivity and affluence. Analyzing trends in real GDP per capita helps economists and policymakers assess the health and growth trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and population statistics.
Historical Context
Real GDP per capita is a crucial input for economic forecasting, policy decisions, and international comparisons.
Key Facts
- The U.S. real GDP per capita reached $63,593 in 2021.
- GDP per capita has grown by an average of 2.2% annually since 1960.
- The U.S. ranks among the top 10 countries globally by GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) per capita in real terms for the United States, providing a gauge of the country's economic productivity and standard of living.
Q: Why is this trend relevant for users or analysts?
A: Real GDP per capita is a crucial indicator for assessing the overall health and growth trajectory of the U.S. economy, informing economic forecasting, policy decisions, and international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and population statistics.
Q: How is this trend used in economic policy?
A: Real GDP per capita is a key input for economic forecasting, policy decisions, and international comparisons, as it provides insights into the country's overall economic performance and standard of living.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical delay of several months, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LANDURMANRGSP), retrieved from FRED.