Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Australia
Annual
ODCNPI03AUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,863.12
Year-over-Year Change
5.26%
Date Range
1/1/1960 - 1/1/2022
Summary
The Annual Trend measures the total output of the U.S. economy over a 12-month period. It is a key indicator used by policymakers and analysts to assess the overall health and growth of the national 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 Trend represents the broadest measure of economic activity, tracking the total value of goods and services produced within the United States. It is a widely referenced metric for evaluating the country's macroeconomic performance and provides important context for other economic indicators.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on a comprehensive survey of businesses and households.
Historical Context
The Annual Trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The Annual Trend reached a record high of $23.9 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- The Annual Trend grew by an average of 2.3% per year from 2010 to 2019.
FAQs
Q: What does this economic trend measure?
A: The Annual Trend measures the total output of the U.S. economy over a 12-month period, capturing the value of all goods and services produced.
Q: Why is this trend relevant for users or analysts?
A: The Annual Trend is a critical indicator of overall economic health and growth, providing important context for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on a comprehensive survey of businesses and households.
Q: How is this trend used in economic policy?
A: The Annual Trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual Trend data is published on a quarterly basis with a brief delay, providing a timely reflection of the overall economic environment.
Related Trends
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NAEXKP06AUQ652S
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Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for Australia
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Citation
U.S. Federal Reserve, Annual (ODCNPI03AUA189S), retrieved from FRED.