Federal government current receipts, NIPAs
Annual
M318181A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,879.89
Year-over-Year Change
90.43%
Date Range
1/1/1952 - 1/1/2023
Summary
The Annual trend measures the year-over-year change in personal income, which is a key indicator of consumer spending and economic 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
The Annual trend tracks the annual percentage change in personal income, a broad measure of household income that includes wages, salaries, and other sources like government benefits. It is a widely followed economic indicator used to assess consumer spending power and the overall health of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on survey and administrative information.
Historical Context
This trend is closely monitored by policymakers, analysts, and investors to gauge consumer confidence and make informed decisions.
Key Facts
- Personal income accounts for over two-thirds of U.S. GDP.
- The Annual trend has averaged around 4% growth over the past decade.
- Changes in personal income can signal shifts in consumer behavior and broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in personal income, which includes wages, salaries, and other sources of household income.
Q: Why is this trend relevant for users or analysts?
A: Personal income is a key indicator of consumer spending power and economic growth, making the Annual trend an important data point for policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on survey and administrative information.
Q: How is this trend used in economic policy?
A: Changes in the Annual trend are closely monitored by policymakers to assess consumer confidence and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The Annual data is typically released on a monthly basis with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (M318181A027NBEA), retrieved from FRED.