Federal government expenditures: Coverage differences: Federal employee retirement plan transactions: Administrative expenses (NIPA vs. Budget)
Annual
M318261A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
53.16%
Date Range
1/1/1952 - 1/1/2023
Summary
The 'Annual' economic trend measures the year-over-year change in real GDP, a key indicator of overall U.S. economic growth and performance.
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 annual GDP growth rate statistic is a widely tracked and influential economic indicator used by policymakers, analysts, and businesses to assess the health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national income and product accounts.
Historical Context
Policymakers and the Federal Reserve closely monitor GDP growth in guiding macroeconomic policies.
Key Facts
- Real GDP grew 2.9% in 2018.
- GDP growth slowed to 2.3% in 2019.
- The COVID-19 pandemic caused GDP to contract 3.4% in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year change in real (inflation-adjusted) gross domestic product (GDP), the broadest indicator of overall U.S. economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: The annual GDP growth rate is a crucial metric used by policymakers, businesses, and economists to assess the performance and trajectory of the U.S. economy.
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 income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and the Federal Reserve closely monitor GDP growth in guiding macroeconomic policies such as interest rates, government spending, and other interventions.
Q: Are there update delays or limitations?
A: The annual GDP growth rate is published with a lag of several months as comprehensive economic data is compiled and analyzed.
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Citation
U.S. Federal Reserve, Annual (M318261A027NBEA), retrieved from FRED.