Employment to Population Rate: All Ages: All Persons for Austria
Annual, Seasonally Adjusted
LREPTTTTATA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.98
Year-over-Year Change
6.52%
Date Range
1/1/1999 - 1/1/2013
Summary
The Annual, Seasonally Adjusted economic trend measures the total output of the U.S. economy, providing a comprehensive gauge of national economic performance.
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
This GDP metric tracks the total value of all goods and services produced within the United States over a 12-month period, adjusting for seasonal variations. It is a crucial barometer for economists and policymakers in assessing the overall health and growth trajectory of the American economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and statistical modeling.
Historical Context
Annual GDP is a key indicator used by the Federal Reserve, Congress, and private analysts to guide economic policy decisions and investments.
Key Facts
- The U.S. GDP reached a record high of $23.9 trillion in 2021.
- GDP growth averaged 2.3% annually from 2010-2019.
- The COVID-19 pandemic caused GDP to contract by 3.4% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the total dollar value of all goods and services produced within the United States over a 12-month period, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Annual GDP is a critical indicator of overall economic performance and growth, used by policymakers, businesses, and investors to guide economic decisions and assess the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys, statistical modeling, and other economic measurements.
Q: How is this trend used in economic policy?
A: The Federal Reserve, Congress, and other institutions closely monitor annual GDP to inform monetary and fiscal policy decisions that can impact employment, inflation, interest rates, and other key economic factors.
Q: Are there update delays or limitations?
A: The annual GDP data is typically released by the Bureau of Economic Analysis with a 3-month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREPTTTTATA156S), retrieved from FRED.