Federal government saving, national income and product accounts
Annual
M318561A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,547.12
Year-over-Year Change
23.38%
Date Range
1/1/1952 - 1/1/2023
Summary
The Annual trend measures the annual change in GDP, a key indicator of overall economic growth and performance 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 percentage change in real gross domestic product (GDP), providing a high-level view of the economy's expansion or contraction. It is a widely watched metric for economists, policymakers, and investors to assess the health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
The Annual GDP growth rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The U.S. Annual GDP growth rate averaged 2.3% from 1948 to 2022.
- GDP contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- The highest Annual GDP growth rate in the past 50 years was 7.2% in 1984.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in real gross domestic product (GDP), the broadest indicator of overall economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual GDP growth rate is a crucial metric for economists, policymakers, and investors to gauge the health and trajectory of the U.S. economy. It informs decisions around monetary policy, fiscal policy, and market investments.
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: The Annual GDP growth rate is a key input for monetary and fiscal policy decisions, as it reflects the overall performance of the economy and helps guide actions by the Federal Reserve and Congress.
Q: Are there update delays or limitations?
A: The Annual GDP growth rate data is subject to revisions by the Bureau of Economic Analysis as more complete information becomes available, and there can be lags of several months between the end of a calendar year and the release of the final Annual GDP growth figure.
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Citation
U.S. Federal Reserve, Annual (M318561A027NBEA), retrieved from FRED.