Federal government receipts: Budget receipts
Annual
M318011A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,439.36
Year-over-Year Change
92.81%
Date Range
1/1/1952 - 1/1/2023
Summary
The Annual trend measures the annual change in U.S. gross domestic product (GDP), a key indicator of overall economic activity and growth.
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 is the total value of all goods and services produced within a country in a given year. The Annual trend tracks the year-over-year percent change in this broad economic measure, providing insight into the pace and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic accounts.
Historical Context
Policymakers and analysts monitor GDP growth to assess the health of the economy and inform decisions on fiscal and monetary policy.
Key Facts
- GDP grew by 5.7% in 2021, the fastest pace since 1984.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- GDP per capita is a common measure of a country's standard of living.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in U.S. gross domestic product (GDP), the total value of all goods and services produced in the country.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a key indicator of overall economic performance and is closely monitored by policymakers, businesses, and investors to assess the health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic accounts.
Q: How is this trend used in economic policy?
A: Policymakers use GDP growth data to inform decisions on fiscal and monetary policy, aiming to promote stable and sustainable economic expansion.
Q: Are there update delays or limitations?
A: The Annual GDP data is released quarterly by the Bureau of Economic Analysis, with an initial estimate followed by two revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (M318011A027NBEA), retrieved from FRED.