Federal government receipts: Timing differences (NIPA vs. Budget)
Annual
M318121A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176.84
Year-over-Year Change
283.88%
Date Range
1/1/1952 - 1/1/2023
Summary
The 'Annual' trend measures the annual nominal growth rate of Gross Domestic Product (GDP). It is a key indicator of overall economic performance and helps policymakers assess the health 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 year-over-year percent change in the value of total goods and services produced in the United States. It is a widely followed metric that economists use to gauge the trajectory of the broader economy and inform fiscal and monetary policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using comprehensive national accounts data.
Historical Context
Analysts and policymakers closely monitor the Annual GDP growth rate to understand current economic conditions and make informed decisions.
Key Facts
- The U.S. Annual GDP growth rate averaged 2.3% from 2010-2019.
- Rapid GDP growth can signal an overheating economy, while slow growth may indicate a recession.
- GDP is the broadest measure of economic activity in the United States.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the total value of goods and services produced in the United States, known as Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The Annual GDP growth rate is a crucial indicator of overall economic performance and health. It helps policymakers, businesses, and consumers understand the trajectory of the U.S. economy and 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 comprehensive national accounts data.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor the Annual GDP growth rate to gauge current economic conditions and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual GDP growth rate data is typically released by the Bureau of Economic Analysis with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (M318121A027NBEA), retrieved from FRED.