Federal government expenditures: Budget outlays
Annual
M318191A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,133.69
Year-over-Year Change
70.28%
Date Range
1/1/1952 - 1/1/2023
Summary
The 'Annual' economic trend measures changes in real annual GDP, a key indicator of overall economic growth and productivity in the United States.
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 trend represents the annual change in real gross domestic product (GDP) - the total value of goods and services produced in the U.S., adjusted for inflation. It is a widely tracked metric used by economists, policymakers, and analysts to gauge the health and trajectory of the national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic indicators.
Historical Context
Policymakers and market participants closely monitor annual GDP growth to inform decisions related to interest rates, government spending, and other macroeconomic policies.
Key Facts
- Real 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.
- Sustained GDP growth is a key policy goal to raise living standards.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year change in real gross domestic product (GDP), the broadest indicator of economic activity and productivity in the United States.
Q: Why is this trend relevant for users or analysts?
A: Annual GDP growth is a critical metric used by economists, policymakers, and investors to gauge the overall health and direction of the U.S. economy. It informs decisions around interest rates, government spending, and other macroeconomic 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 economic surveys and a variety of other data sources.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and in government closely monitor annual GDP growth to inform decisions on interest rates, fiscal policy, and other measures aimed at promoting economic stability and prosperity.
Q: Are there update delays or limitations?
A: The annual GDP data is typically released with a lag of several months, as the BEA compiles and analyzes the underlying data. There may also be revisions to historical GDP figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (M318191A027NBEA), retrieved from FRED.