Real Gross Domestic Product for Australia
Annual, Not Seasonally Adjusted
NGDPRXDCAUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,616,847.00
Year-over-Year Change
31.10%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted gross domestic product (GDP) of the United States. It is a key indicator of overall economic activity 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 annual, not seasonally adjusted GDP is a comprehensive measure of the total value of goods and services produced within the United States over the course of a year. It is widely used by economists, policymakers, and analysts to assess the health and growth of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
The annual GDP trend is closely monitored for its implications on economic policy, consumer and business confidence, and market conditions.
Key Facts
- The U.S. GDP was $23.99 trillion in 2021.
- GDP growth slowed to 2.3% in 2022 amid high inflation.
- Real GDP (adjusted for inflation) is a common metric for economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in the United States over the course of a year, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted GDP is a crucial indicator of overall economic activity and growth, which is closely watched by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The annual GDP trend is used by policymakers, central banks, and other institutions to assess the health of the economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The annual GDP data is released with a few months' delay and may be subject to revisions as more complete information becomes available.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Australia
CPALTT01AUA659N
National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Australia
AUSGDPRQDSMEI
Bank Deposits to GDP for Australia
DDOI02AUA156NWDB
Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Australia
LFHU24TTAUA647N
Bank Credit to Bank Deposits for Australia
DDSI04AUA156NWDB
Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Australia
LFHUTTTTAUM647S
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NGDPRXDCAUA), retrieved from FRED.