Federal government expenditures: Coverage differences: Financial transactions: Other (NIPA vs. Budget)
Annual
M318351A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10.36
Year-over-Year Change
-73.95%
Date Range
1/1/1968 - 1/1/2023
Summary
The Annual trend measures the annual change in gross domestic product (GDP), a key indicator of overall economic activity 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
The Annual trend tracks the year-over-year percent change in real GDP, providing insight into the pace and direction of the nation's economic growth or contraction. It is a widely followed metric used by economists, policymakers, and analysts to assess the broader performance of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics.
Historical Context
The Annual trend is closely monitored for its implications on employment, consumer spending, monetary policy, and other important economic factors.
Key Facts
- GDP grew by 5.7% in 2021, the fastest pace since 1984.
- The Annual trend reached a low of -3.4% in 2020 due to the COVID-19 pandemic.
- Positive annual GDP growth is generally associated with economic expansion and increased employment.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in real gross domestic product (GDP), a key indicator of overall economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a widely followed metric used by economists, policymakers, and analysts to assess the broader performance of the U.S. economy and its implications for employment, consumer spending, monetary policy, and other important economic factors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by policymakers, such as the Federal Reserve, to inform decisions on monetary policy and other economic interventions.
Q: Are there update delays or limitations?
A: The Annual trend data is published on a quarterly basis with a slight delay, as it relies on the official GDP statistics released by the Bureau of Economic Analysis.
Related Trends
State and local government current receipts: Subsidies
B114RC1Q027SBEA
Federal government subsidies: Economic affairs: Other economic affairs: Natural resources
G170951A027NBEA
Federal government current tax receipts: Taxes on production and imports: Customs duties
B235RC1Q027SBEA
National defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Nondurable goods: Petroleum products
B780RC1Q027SBEA
Contributions for government social insurance: Employee and self-employed contributions: Federal social insurance funds
A1585C1A027NBEA
State and Local Government Consumption Expenditures and Gross Investment
SLCEA
Citation
U.S. Federal Reserve, Annual (M318351A027NBEA), retrieved from FRED.