Real Imports of Goods and Services for Saudi Arabia
Annual
NMRXDCSAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,151,453.00
Year-over-Year Change
13.37%
Date Range
1/1/2010 - 1/1/2024
Summary
The Annual series measures real GDP growth on an annual basis. It is a key economic indicator used by policymakers and analysts to assess the overall health and trajectory of the U.S. economy.
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 series represents the year-over-year percent change in real GDP, which is the broadest measure of economic output adjusted for inflation. This metric provides a high-level snapshot of the economy's performance and is closely watched for signs of expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic accounts.
Historical Context
The Annual GDP growth rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The U.S. economy grew 5.7% in 2021 after contracting 3.4% in 2020.
- Real GDP has expanded in 11 of the last 12 years since the Great Recession.
- Annual GDP growth has averaged 2.3% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the year-over-year percent change in real gross domestic product (GDP), which is the broadest indicator of the overall size and growth of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Annual GDP growth rate is a critical metric watched closely by policymakers, businesses, and investors to assess the health and trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic accounts.
Q: How is this trend used in economic policy?
A: The Annual GDP growth rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and government to support economic stability and expansion.
Q: Are there update delays or limitations?
A: The Annual GDP data is subject to revisions over time as more complete information becomes available, but it is released on a predictable schedule by the government.
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Citation
U.S. Federal Reserve, Annual (NMRXDCSAA), retrieved from FRED.