Real Gross Domestic Product: All Industry Total in South Dakota
Annual, Not Seasonally Adjusted
SDRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,498.10
Year-over-Year Change
18.18%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the total value of final goods and services produced within the United States, unadjusted for seasonal factors. It is a key indicator of overall economic activity and growth.
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 Gross Domestic Product (GDP) is the broadest measure of economic output, representing the total market value of all goods and services produced. The unadjusted annual GDP data provides insight into the long-term trajectory of the U.S. economy.
Methodology
The GDP data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this GDP metric to assess the health and direction of the national economy.
Key Facts
- GDP reached a record high of $23.99 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- GDP growth has averaged 2.3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all final goods and services produced within the United States over a one-year period, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The annual, unadjusted GDP is a key indicator of overall economic activity and growth, providing insight into the long-term trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The GDP data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this GDP metric to assess the health and direction of the national economy, informing decisions and forecasts.
Q: Are there update delays or limitations?
A: The annual GDP data is released with a lag, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Annual, Not Seasonally Adjusted (SDRGSP), retrieved from FRED.