Federal government expenditures: Netting and grossing differences
Annual
M318401A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-311.75
Year-over-Year Change
33.22%
Date Range
1/1/1952 - 1/1/2023
Summary
The Annual trend measures the year-over-year change in personal income for the United States. This key indicator provides insight into the overall strength of the American economy and consumer purchasing power.
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 percent change in personal income from one year to the next. It is a widely tracked economic statistic used by policymakers, analysts, and businesses to gauge consumer spending, income growth, and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Historical Context
The Annual trend is closely monitored for its implications on monetary and fiscal policy decisions.
Key Facts
- Personal income grew by 3.4% in 2021.
- Consumer spending accounts for over two-thirds of U.S. GDP.
- Annual income trends impact monetary and fiscal policy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in personal income for the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides insight into consumer purchasing power, spending patterns, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by policymakers for its implications on monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is released on a monthly basis with a typical 1-2 month publication delay.
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Citation
U.S. Federal Reserve, Annual (M318401A027NBEA), retrieved from FRED.