Gross Domestic Product: Information (51) in Massachusetts
Annual, Not Seasonally Adjusted
MAINFONGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,430.70
Year-over-Year Change
93.48%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the total value of goods and services produced by a country's economy, excluding seasonal fluctuations. It is a key indicator of overall economic health 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 Gross Domestic Product (GDP) is the broadest measure of a country's economic activity, representing the total monetary value of all final goods and services produced within a nation's geographic borders over a specific time period. Analyzing GDP trends is essential for economists, policymakers, and investors to understand a country's economic growth and make informed decisions.
Methodology
The GDP data is collected and calculated by government statistical agencies based on surveys, market information, and other economic indicators.
Historical Context
Policymakers and central banks use GDP data to guide monetary and fiscal policies, while investors monitor it to assess a country's economic outlook and make investment decisions.
Key Facts
- GDP accounts for over 70% of the U.S. economy.
- The U.S. GDP reached a record high of $23.9 trillion in 2021.
- Real GDP growth in the U.S. averaged 2.3% annually from 2010 to 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total value of goods and services produced by the U.S. economy, excluding seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of a country's economic health and performance, making it essential for policymakers, investors, and economists to monitor and analyze.
Q: How is this data collected or calculated?
A: The GDP data is collected and calculated by government statistical agencies based on surveys, market information, and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use GDP data to guide monetary and fiscal policies, while investors monitor it to assess a country's economic outlook and make investment decisions.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly by the U.S. Bureau of Economic Analysis, with an initial estimate followed by two revisions as more information becomes available.
Related Trends
Monthly State Retail Sales: General Merchandise Stores in Massachusetts
MSRSMA452
State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Massachusetts
MAALCOTAX
All Employees: Education and Health Services: Offices of Physicians in Massachusetts
SMU25000006562110001
Real Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in Massachusetts
MAFOODBEVTOBMANRGSP
Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Massachusetts
MAFININSREALRGSP
Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Massachusetts
MAHLTHSOCASSQGSP
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MAINFONGSP), retrieved from FRED.