Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for Israel
Annual, Seasonally Adjusted
LFEAAGTTILA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,900.00
Year-over-Year Change
-7.12%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures annual, seasonally adjusted gross domestic product (GDP) for the United States. GDP is a fundamental indicator of economic health and growth, making this data crucial 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
Gross domestic product (GDP) is the total monetary value of all finished goods and services produced within a country's borders over a specific time period. This annual, seasonally adjusted series provides a comprehensive overview of the U.S. economy's performance and is widely used to assess economic conditions and inform policy decisions.
Methodology
The U.S. Bureau of Economic Analysis (BEA) calculates GDP based on data from various government agencies and private sources.
Historical Context
Policymakers and market analysts closely monitor GDP trends to gauge the overall strength of the economy and make informed decisions.
Key Facts
- GDP is the broadest measure of economic activity in the United States.
- The U.S. economy grew by 5.7% in 2021, the fastest pace since 1984.
- GDP is a key input for policymakers in setting monetary and fiscal policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted gross domestic product (GDP) of the United States, which is the total value of all goods and services produced within the country's borders.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of economic health and performance, making this data crucial for policymakers, economists, and market analysts to assess the overall strength of the U.S. economy and inform their decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis (BEA) calculates GDP based on data from various government agencies and private sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor GDP trends to gauge the overall strength of the economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The BEA releases GDP data on a quarterly basis, with some delay to allow for comprehensive data collection and analysis.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEAAGTTILA647S), retrieved from FRED.