Federal government expenditures: Coverage differences: Federal employee retirement plan transactions (NIPA vs. Budget)
Annual
M318221A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-69.10
Year-over-Year Change
-29.23%
Date Range
1/1/1952 - 1/1/2023
Summary
The Annual Trend measures nominal personal income in the United States. It is a key economic indicator tracked by policymakers and analysts to gauge consumer spending power 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
This trend represents the annual growth rate of personal income, including wages, dividends, interest, and government benefits. It is widely used to assess consumer demand and the overall health of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information from household surveys and administrative records.
Historical Context
The Annual Trend is closely monitored by the Federal Reserve and other policymakers to inform decisions around monetary and fiscal policy.
Key Facts
- Personal income grew by 6.1% in 2021.
- Wages and salaries make up over 70% of personal income.
- The Annual Trend reached a 40-year high in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the annual growth rate of personal income in the United States, including wages, dividends, interest, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a key indicator of consumer spending power and economic growth, making it essential for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using information from household surveys and administrative records.
Q: How is this trend used in economic policy?
A: The Annual Trend is closely monitored by the Federal Reserve and other policymakers to inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Annual Trend data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Annual (M318221A027NBEA), retrieved from FRED.