Nominal External Balance of Goods and Services for India
Annual
NNXGSXDCINA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7,938,163.30
Year-over-Year Change
22.83%
Date Range
1/1/2005 - 1/1/2024
Summary
The Annual trend measures the nominal gross domestic product (GDP) per capita for the United States. It is a key indicator of economic growth and living standards.
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 tracks the total value of all goods and services produced in the U.S. economy, divided by the total population. This provides a comprehensive measure of economic output and productivity on a per-person basis.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and demographic statistics.
Historical Context
Policymakers and analysts use this trend to assess the overall health and growth trajectory of the U.S. economy.
Key Facts
- The U.S. GDP per capita was $63,416 in 2021.
- Real GDP per capita has grown by an average of 2% annually over the past decade.
- The U.S. ranks among the top 10 countries globally by GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total economic output of the United States divided by the total population, providing a gauge of national living standards and productivity.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely-used indicator for assessing the overall health and growth of an economy, and is crucial for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and demographic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the strength of the U.S. economy and inform decisions on fiscal, monetary, and social policies.
Q: Are there update delays or limitations?
A: The Annual data is published on a regular schedule by the U.S. government, with a typical release lag of several months.
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Citation
U.S. Federal Reserve, Annual (NNXGSXDCINA), retrieved from FRED.