Federal government expenditures: Netting and grossing differences: Other
Annual
M318431A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-148.54
Year-over-Year Change
10.48%
Date Range
1/1/1952 - 1/1/2023
Summary
The 'Annual' economic trend measures the annual percent change in the gross domestic product (GDP) of the United States. This key indicator provides insight into the overall health and growth rate 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 year-over-year percent change in the total value of all goods and services produced within the United States. It is a widely followed metric that economists and policymakers use to assess economic performance and guide policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
Annual GDP growth is a crucial input for monetary and fiscal policy, as well as market analysis.
Key Facts
- GDP grew by 5.7% in 2021, the fastest rate since 1984.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Annual GDP growth has averaged 2.3% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the gross domestic product (GDP) of the United States.
Q: Why is this trend relevant for users or analysts?
A: Annual GDP growth is a key indicator of overall economic health and performance, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: Annual GDP growth is a crucial input for monetary and fiscal policy decisions, as well as market analysis.
Q: Are there update delays or limitations?
A: The Annual GDP data is released quarterly by the Bureau of Economic Analysis, with a delay of approximately one month.
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Federal government total expenditures
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Net federal government saving: Other (excluding social insurance funds)
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Citation
U.S. Federal Reserve, Annual (M318431A027NBEA), retrieved from FRED.