Annual
LFESEETTG7A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
318,820,000.00
Year-over-Year Change
10.00%
Date Range
1/1/1979 - 1/1/2016
Summary
The Annual trend measures the total yearly output of goods and services in the United States economy. This key economic indicator is widely used by policymakers and analysts to assess 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 represents the total value of all final goods and services produced within the United States over a 12-month period. It is a comprehensive measure of economic activity and a primary gauge of macroeconomic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and administrative records.
Historical Context
The Annual trend is a critical input for economic forecasting, fiscal and monetary policy decisions, and market analysis.
Key Facts
- The U.S. GDP reached $23.9 trillion in 2021.
- The economy grew by 6.9% in 2021 after contracting in 2020.
- The Annual trend is released quarterly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total dollar value of all goods and services produced in the United States over a 12-month period. It is the broadest measure of economic activity.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a critical indicator for assessing the overall health and growth of the U.S. economy. It is used by policymakers, economists, and investors to make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys, Census data, and other administrative records.
Q: How is this trend used in economic policy?
A: The Annual trend is a key input for Federal Reserve monetary policy decisions, Congressional fiscal policy, and economic forecasting by government agencies and private institutions.
Q: Are there update delays or limitations?
A: The Annual trend is released quarterly by the Bureau of Economic Analysis, with an initial estimate followed by two revisions as more complete data becomes available.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for G7
G7LFWA55TTSTSAQ
Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for G7
G7SLRTCR03IXOBSAM
International Trade: Net trade: Value (goods): Total for G7
G7XTNTVA01STSAQ
Infra-Annual Labor Statistics: Unemployment Female: 15 Years or over for G7
G7LFUNTTFESTSAQ
Infra-Annual Labor Statistics: Employment Rate Female: 15 Years or over for G7
G7LREMTTFESTQ
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for G7
G7PRINTO01IXOBSAM
Citation
U.S. Federal Reserve, Annual (LFESEETTG7A647S), retrieved from FRED.