National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total
OECDNAEXKP01GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.22
Year-over-Year Change
-7.08%
Date Range
4/1/1962 - 1/1/2025
Summary
This economic trend measures the total real gross domestic product (GDP) of the United States. GDP is a crucial indicator of economic health and growth, providing insight into the overall size and performance 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
Gross domestic product (GDP) represents the total value of all goods and services produced within a country during a given period. The GDP by expenditure measure tracked in this series captures the various components of GDP spending, including consumption, investment, government expenditure, and net exports.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using established national accounts methodologies.
Historical Context
GDP data is widely used by policymakers, analysts, and markets to assess economic conditions and inform decisions.
Key Facts
- GDP grew by 5.7% in 2021.
- The US GDP was $23.9 trillion in 2021.
- GDP is released quarterly by the OECD.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real gross domestic product (GDP) of the United States, which represents the overall size and performance of the national economy.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of economic health and growth, providing insight into the overall state of the economy. It is widely used by policymakers, analysts, and markets to assess economic conditions and inform decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: GDP data is used by policymakers, economists, and analysts to evaluate the performance of the economy, inform policy decisions, and track economic growth and recovery.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly by the OECD, with potential delays in the most recent quarter's data.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total (OECDNAEXKP01GPSAQ), retrieved from FRED.