Federal government budget surplus or deficit (-)
Annual
M318501A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,694.33
Year-over-Year Change
30.37%
Date Range
1/1/1952 - 1/1/2023
Summary
The Annual trend measures the year-over-year change in the US gross domestic product (GDP), a key indicator of economic growth 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 annual percent change in real GDP, which represents the total value of all goods and services produced in the United States adjusted for inflation. This metric is widely used by economists, policymakers, and analysts to assess the overall health and trajectory of the US economy.
Methodology
The data is calculated by the US Bureau of Economic Analysis based on comprehensive national accounts.
Historical Context
The Annual GDP growth rate is a critical input for macroeconomic analysis and federal monetary and fiscal policy decisions.
Key Facts
- GDP grew by 5.7% in 2021, the fastest annual pace since 1984.
- The US economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Annual GDP has averaged around 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 US real gross domestic product (GDP), the broadest indicator of economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: The Annual GDP growth rate is a critical metric for assessing the overall health and performance of the US economy, and it informs key policy decisions by the Federal Reserve and government.
Q: How is this data collected or calculated?
A: The data is calculated by the US Bureau of Economic Analysis based on comprehensive national accounts.
Q: How is this trend used in economic policy?
A: The Annual GDP growth rate is a key input for macroeconomic analysis and Federal Reserve monetary policy decisions, as well as fiscal policy considerations by the US government.
Q: Are there update delays or limitations?
A: The Annual GDP data is released on a quarterly basis with a 1-month lag, so the most recent figure may not fully reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Annual (M318501A027NBEA), retrieved from FRED.