Federal government expenditures: Coverage differences: Financial transactions: Net purchases of foreign currency (NIPA vs. Budget)
Annual
M318341A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1952 - 1/1/2023
Summary
The 'Annual' economic trend measures the annual income or production of goods and services in the United States. It is a key indicator used by economists and policymakers to assess the overall health and growth 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 total value of all final goods and services produced within the United States over a one-year period. It is a comprehensive measure of economic activity and a widely referenced statistic for evaluating economic performance and trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Historical Context
This annual economic indicator is closely monitored by the Federal Reserve, Congress, and private sector analysts to inform monetary and fiscal policy decisions.
Key Facts
- The annual GDP of the United States exceeds $20 trillion.
- Real GDP growth averaged 2.3% per year from 2010 to 2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the total value of all final goods and services produced within the United States over a one-year period.
Q: Why is this trend relevant for users or analysts?
A: This comprehensive measure of economic activity is a key indicator used by economists, policymakers, and market analysts to assess the overall health and growth of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Q: How is this trend used in economic policy?
A: The annual GDP statistic is closely monitored by the Federal Reserve, Congress, and private sector analysts to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The annual GDP data is typically published within a few months after the end of the calendar year, with occasional revisions as more complete information becomes available.
Related Trends
Taxes on production and imports: State government: Sales taxes: Public utilities
L305171A027NBEA
Real Government Consumption Expenditures and Gross Investment: Federal: Economic affairs: Other economic affairs
W632RL1A225NBEA
Real Government Consumption Expenditures and Gross Investment: State and Local: Public order and safety
W650RL1A225NBEA
Real Government Consumption Expenditures and Gross Investment: State and Local: Economic affairs
W655RL1A225NBEA
Current taxes, contributions for government social insurance, and transfer receipts from the rest of the world: to persons
LA0000361A027NBEA
Real National Defense Consumption Expenditures: Gross Output of General Government: Intermediate Goods and Services Purchased: Nondurable Goods: Petroleum Products
B780RL1Q225SBEA
Citation
U.S. Federal Reserve, Annual (M318341A027NBEA), retrieved from FRED.