Federal government receipts: Coverage differences: Contributions received by federal employee retirement plans (NIPA vs. Budget)
Annual
M318041A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.90
Year-over-Year Change
70.43%
Date Range
1/1/1952 - 1/1/2023
Summary
The Annual trend measures the annual rate of change in gross domestic product (GDP) over a 12-month period. This key economic indicator is closely watched by policymakers, analysts, and businesses to gauge 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 reflects the year-over-year percent change in real GDP, which is the broadest measure of economic activity and a leading indicator of economic performance. It is a crucial metric for understanding the trajectory of the U.S. economy and informing policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts.
Historical Context
The Annual GDP growth rate is a core data point referenced by the Federal Reserve, Congress, and private sector economists when evaluating economic conditions and setting fiscal and monetary policies.
Key Facts
- GDP grew 5.7% in 2021, the fastest pace since 1984.
- The U.S. economy contracted 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth is also reported, providing more granular data.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in real gross domestic product (GDP), the broadest indicator of economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual GDP growth rate is a crucial metric used by policymakers, economists, and businesses to gauge the overall health and trajectory of the U.S. economy, informing decisions around fiscal, monetary, and investment policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts data.
Q: How is this trend used in economic policy?
A: The Annual GDP growth rate is a core data point referenced by the Federal Reserve, Congress, and private sector economists when evaluating economic conditions and setting fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The Annual GDP growth rate is released quarterly with a lag, providing a comprehensive but delayed view of overall economic performance.
Related Trends
Federal government expenditures: Coverage differences: Financing disbursements from credit programs (NIPA vs. Budget)
M318271A027NBEA
State and local government current receipts: Current transfer payments to the rest of the world
NA000307Q
Contributions for government social insurance: Employee and self-employed contributions: Federal social insurance funds: Old-age, survivors, disability, and hospital insurance: Employees: Hospital insurance
L306231A027NBEA
Local government current receipts: Current transfer receipts: Federal grants-in-aid
W846RC1A027NBEA
Gross government saving: State and local
A925RC1Q027SBEA
Value Added by Industry: Government as a Percentage of GDP
VAPGDPG
Citation
U.S. Federal Reserve, Annual (M318041A027NBEA), retrieved from FRED.