Nominal Gross Domestic Product for Argentina
Annual, Not Seasonally Adjusted
NGDPXDCARA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
583,909,615.40
Year-over-Year Change
22035.28%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted gross domestic product (GDP) of the United States. GDP is a key indicator of economic growth and a primary measure of a country's overall economic activity.
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 represents the total value of all goods and services produced within the U.S. over a 12-month period. This metric is widely used by economists, policymakers, and analysts to assess the health and trajectory of the national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on various economic surveys and government sources.
Historical Context
Policymakers and central banks closely monitor GDP trends to inform economic and monetary policy decisions.
Key Facts
- GDP accounts for over 65% of total U.S. economic activity.
- The U.S. GDP reached a record high of $23.9 trillion in 2021.
- GDP growth is a key target for the Federal Reserve's dual mandate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted gross domestic product (GDP) of the United States, which represents the total value of all goods and services produced within the country over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of a country's economic health and growth, and is widely used by economists, policymakers, and analysts to assess the overall performance of the national economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on various economic surveys and government sources.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor GDP trends to inform economic and monetary policy decisions, as GDP growth is a key target for the Federal Reserve's dual mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted GDP data is released with a delay, as the Bureau of Economic Analysis compiles and validates the underlying economic data from various sources.
Related Trends
Broad Effective Exchange Rate for Argentina
NBARBIS
Bank Capital to Total Assets for Argentina
DDSI03ARA156NWDB
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Credit Unions and Financial Cooperatives for Argentina
ARGFCLODUHXDC
Literacy Rate, Adult Total for Argentina
SEADTLITRZSARG
Value of Exports to Argentina from Maryland
MDARGA052SCEN
Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Argentina
ARGCP030000IXNBQ
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted Gross Domestic Product (NGDPXDCARA), retrieved from FRED.