Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in the Southeast BEA Region
Annual, Not Seasonally Adjusted
SESTACCFDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.43
Year-over-Year Change
26.64%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the total value of goods and services produced within the United States, unadjusted for seasonal factors. This metric 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
Gross Domestic Product (GDP) is the broadest measure of economic output, representing the market value of all final goods and services produced within a country. The Annual, Not Seasonally Adjusted GDP series provides an unmodified view of economic performance over a 12-month period, without adjustments for typical seasonal patterns.
Methodology
GDP data is collected from a variety of government and private sector sources and aggregated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this GDP metric to assess the health and trajectory of the national economy.
Key Facts
- GDP represents the total value of goods and services produced in the U.S.
- The annual figure is not adjusted for seasonal variation.
- GDP is a key measure of overall economic performance and growth.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total value of all final goods and services produced within the United States over a 12-month period, without adjustments for typical seasonal patterns.
Q: Why is this trend relevant for users or analysts?
A: This unadjusted GDP metric provides a clear, unmodified view of the nation's economic output and performance, which is crucial for policymakers and analysts to assess the overall health and trajectory of the economy.
Q: How is this data collected or calculated?
A: The GDP data is collected from a variety of government and private sector sources and aggregated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this annual, unadjusted GDP metric to evaluate the state of the national economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted GDP data is subject to revision and may have some update delays compared to more frequently reported economic indicators.
Related Trends
Personal Consumption Expenditures: Services: Other Services for Southeast BEA Region
SESTPCEOSRV
Chain-Type Quantity Index for Real GDP: Wood Product Manufacturing (321) in the Southeast BEA Region
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Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in the Southeast BEA Region
SESTFRSTFISHQGSP
Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in the Southeast BEA Region
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Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in the Southeast BEA Region
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Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in the Southeast BEA Region
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SESTACCFDQGSP), retrieved from FRED.