Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Sweden
Annual
PITGND01SEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.32
Year-over-Year Change
25.79%
Date Range
1/1/1990 - 1/1/2022
Summary
The Annual trend measures the annual percent change in gross domestic product (GDP) in the United States, adjusted for seasonal variations. It is a key indicator of overall economic growth and health.
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 tracks the year-over-year percent change in real GDP, which is the broadest measure of economic output. Economists and policymakers monitor this indicator to assess the pace and direction of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting standards.
Historical Context
The Annual GDP growth rate is closely watched by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. economy grew by 5.7% in 2021, the fastest pace since 1984.
- GDP growth averaged 2.3% per year from 2010 to 2019 prior to the COVID-19 pandemic.
- Quarterly GDP data is also reported, providing more granular economic insights.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in real gross domestic product (GDP) in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The annual GDP growth rate is a key indicator of overall economic health and performance, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting standards.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor the Annual GDP growth rate to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual GDP data is released on a quarterly basis, with a lag of several weeks after the end of each quarter.
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People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Sweden
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Citation
U.S. Federal Reserve, Annual (PITGND01SEA661N), retrieved from FRED.