Annual
SMU29000003133700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.90
Year-over-Year Change
-48.51%
Date Range
1/1/1990 - 1/1/2017
Summary
The Annual trend measures the total annual output of goods and services produced in the United States. It is a key indicator of economic health and a crucial factor in policy decisions.
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, also known as Gross Domestic Product (GDP), represents the total monetary value of all finished goods and services produced within a country's borders over the course of a year. It is a comprehensive measure of a nation's economic activity and a widely used metric for assessing economic growth and development.
Methodology
The Annual data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and government records.
Historical Context
Policymakers and analysts closely monitor the Annual trend to gauge the overall performance of the U.S. economy and inform decisions on fiscal and monetary policy.
Key Facts
- The Annual trend is reported quarterly by the U.S. Bureau of Economic Analysis.
- The Annual trend reached a record high of $23.9 trillion in 2021.
- GDP growth is a key target for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total value of all goods and services produced in the United States over the course of a year, also known as Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a comprehensive measure of economic activity and a widely used indicator of a country's economic health. It is closely monitored by policymakers, economists, and market analysts to assess the overall performance of the U.S. economy.
Q: How is this data collected or calculated?
A: The Annual data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and government records.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, closely monitor the Annual trend to inform decisions on fiscal and monetary policy, with the goal of promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The Annual trend is reported quarterly by the U.S. Bureau of Economic Analysis, with the most recent data typically available within a few months of the end of the reference period.
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Citation
U.S. Federal Reserve, Annual (SMU29000003133700001A), retrieved from FRED.