Federal government expenditures: Coverage differences: Other (NIPA vs. Budget)
Annual
M318391A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-26.17
Year-over-Year Change
155.62%
Date Range
1/1/1952 - 1/1/2023
Summary
The Annual trend measures the annual growth rate of the US Gross Domestic Product (GDP), a key indicator of overall economic activity 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
The Annual trend tracks the year-over-year percent change in real GDP, providing insights into the pace and trajectory of the US economy. It is a widely followed statistic used by policymakers, analysts, and businesses to gauge economic health and inform decision-making.
Methodology
The data is calculated by the US Bureau of Economic Analysis based on national accounts and surveys.
Historical Context
The Annual GDP growth rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The US annual GDP growth rate in 2022 was 2.1%.
- GDP growth above 3% is generally considered strong economic performance.
- Negative annual GDP growth indicates an economic recession.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in real US Gross Domestic Product (GDP), a key indicator of overall economic activity and performance.
Q: Why is this trend relevant for users or analysts?
A: The Annual GDP growth rate is a critical metric used by policymakers, analysts, and businesses to gauge the health and trajectory of the US economy, informing decisions around monetary policy, investments, and economic strategy.
Q: How is this data collected or calculated?
A: The data is calculated by the US Bureau of Economic Analysis based on national accounts and surveys.
Q: How is this trend used in economic policy?
A: The Annual GDP growth rate is a key input for monetary and fiscal policy decisions, as policymakers use it to assess the overall state of the economy and determine appropriate policy actions.
Q: Are there update delays or limitations?
A: The Annual GDP growth data is published quarterly by the Bureau of Economic Analysis, with a slight delay to allow for comprehensive data collection and analysis.
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Citation
U.S. Federal Reserve, Annual (M318391A027NBEA), retrieved from FRED.