Real Gross Domestic Product for Russia
Annual
NGDPRXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144,218,789.20
Year-over-Year Change
69.59%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual Real Gross Domestic Product (GDP) measures the total value of goods and services produced in the United States, adjusted for inflation. It is a key indicator of economic growth 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
Real GDP is a comprehensive measure of a country's economic activity, representing the total value of all final goods and services produced within a given year. It is a widely-used metric for evaluating the health and trajectory of the U.S. economy.
Methodology
Real GDP is calculated by the U.S. Bureau of Economic Analysis using price-adjusted data on consumer spending, business investment, government expenditures, and net exports.
Historical Context
Annual Real GDP figures are closely monitored by policymakers, analysts, and markets to inform decisions on monetary and fiscal policy.
Key Facts
- Real GDP grew by 2.3% in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Real GDP per capita is a common measure of living standards.
FAQs
Q: What does this economic trend measure?
A: The Annual Real Gross Domestic Product (GDP) measures the total value of goods and services produced in the United States, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a comprehensive measure of economic activity and a key indicator of a country's economic health and growth trajectory.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates real GDP using price-adjusted data on consumer spending, business investment, government expenditures, and net exports.
Q: How is this trend used in economic policy?
A: Annual real GDP figures are closely monitored by policymakers, analysts, and markets to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: Real GDP data is typically released on a quarterly basis with some delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual Real Gross Domestic Product (NGDPRXDCRUA), retrieved from FRED.