Gross Domestic Product by Expenditure in Constant Prices: Gross Fixed Capital Formation for the European Union
Chained 2000 National Currency Units, Annual, Not Seasonally Adjusted
NAEXKP04EUA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,926,201,064,037.63
Year-over-Year Change
6.29%
Date Range
1/1/1995 - 1/1/2019
Summary
This economic trend measures the chained inflation-adjusted Gross Domestic Product (GDP) per capita in the United States, providing insights into the country's economic growth and living standards.
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 chained 2000 national currency units, annual, not seasonally adjusted GDP per capita trend tracks the real output per person in the U.S. economy, adjusted for inflation using chained 2000 dollars. It is a key indicator of economic well-being and productivity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and population statistics.
Historical Context
This metric is widely used by economists, policymakers, and analysts to assess the overall health and growth of the U.S. economy.
Key Facts
- GDP per capita in the U.S. was $51,902 in 2021.
- Real GDP per capita has grown by over 150% since 1970.
- The U.S. ranks among the top countries globally in terms of GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chained inflation-adjusted Gross Domestic Product (GDP) per capita in the United States, providing insights into the country's economic growth and living standards.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used indicator of economic well-being and productivity, and is essential for assessing the overall health and growth of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and population statistics.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and analysts to evaluate the U.S. economy's performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the U.S. Federal Reserve, with some potential for delays in the most recent year's figures.
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Citation
U.S. Federal Reserve, Chained 2000 National Currency Units, Annual, Not Seasonally Adjusted (NAEXKP04EUA652S), retrieved from FRED.