Chain-Type Quantity Index for Real GDP: All Industry Total in North Dakota
Annual, Not Seasonally Adjusted
NDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.99
Year-over-Year Change
12.36%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures nominal gross domestic product (GDP) for the U.S. on an annual basis without adjusting for seasonal variations. It provides a comprehensive overview of economic growth and is a key indicator for policymakers and analysts.
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
Nominal GDP represents the total value of all goods and services produced in the U.S. economy, unadjusted for inflation. This metric is widely used to gauge the size and health of the national economy over time.
Methodology
The Bureau of Economic Analysis calculates this series using data on consumer spending, business investment, government expenditures, and net exports.
Historical Context
Policymakers and economists reference this trend to inform decisions around fiscal and monetary policy.
Key Facts
- The U.S. nominal GDP reached $23.9 trillion in 2021.
- Nominal GDP grew by 10.1% in 2021 compared to the prior year.
- GDP is the broadest measure of economic activity in the United States.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total nominal value of all goods and services produced in the U.S. economy on an annual basis, without adjusting for seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: Nominal GDP is a comprehensive indicator of the size and health of the national economy, and is widely used by policymakers, economists, and market analysts to inform decisions and assessments.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates this series using data on consumer spending, business investment, government expenditures, and net exports.
Q: How is this trend used in economic policy?
A: Policymakers and economists reference the Annual, Not Seasonally Adjusted GDP trend to inform decisions around fiscal and monetary policy, as it provides a broad snapshot of overall economic performance.
Q: Are there update delays or limitations?
A: This series is updated quarterly by the Bureau of Economic Analysis, with a lag of approximately one month following the end of each quarter.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NDQGSP), retrieved from FRED.