National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Australia
Annual
NAGIGP01AUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.98
Year-over-Year Change
34.24%
Date Range
1/1/1960 - 1/1/2022
Summary
The Annual trend measures the annual gross product in the United States. It is a key indicator of overall economic activity and growth.
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 total value of all goods and services produced within the United States over a one-year period. It is a broad measure of economic output and a widely-used metric for assessing the health and performance of the U.S. economy.
Methodology
The Annual data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Historical Context
Policymakers and analysts closely monitor the Annual trend to inform decisions around fiscal, monetary, and economic policies.
Key Facts
- The Annual trend reached a record high in 2021.
- Annual growth has averaged around 2-3% in recent decades.
- The COVID-19 pandemic caused a sharp contraction in the Annual trend in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total value of all goods and services produced within the United States over a one-year period, providing a broad indicator of overall economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a crucial metric for assessing the health and performance of the U.S. economy, and it informs important policy decisions by government, central bank, and market participants.
Q: How is this data collected or calculated?
A: The Annual data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Annual trend to inform decisions around fiscal, monetary, and economic policies, as it provides a comprehensive measure of overall economic performance.
Q: Are there update delays or limitations?
A: The Annual data is subject to periodic revisions and may have a delay of several months before the latest figures are released.
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Citation
U.S. Federal Reserve, Annual (NAGIGP01AUA661S), retrieved from FRED.