Annual, Not Seasonally Adjusted
SMU72000003200000030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
467.68
Year-over-Year Change
2.92%
Date Range
1/1/2001 - 1/1/2016
Summary
This economic trend measures the annual, not seasonally adjusted value for gross domestic product (GDP) in the United States. GDP is a key indicator of economic growth and activity, making this trend important for understanding the overall health of the U.S. 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
The annual, not seasonally adjusted GDP trend represents the total value of all goods and services produced within the United States over a one-year period, without adjusting for seasonal factors. This provides a comprehensive view of the country's economic output and is widely used by economists, policymakers, and market analysts to assess long-term economic performance.
Methodology
The data for this trend is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and investors closely monitor GDP trends to inform decisions around fiscal and monetary policy, as well as investment strategies.
Key Facts
- GDP accounts for over 70% of the U.S. economy.
- The U.S. GDP reached a record high of $23.9 trillion in 2021.
- GDP growth is a key target for the Federal Reserve's monetary policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted value of the gross domestic product (GDP) in the United States, which represents the total economic output of the country over a one-year period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of a country's economic health and performance, making this trend highly relevant for economists, policymakers, and investors who need to assess the overall state of the U.S. economy.
Q: How is this data collected or calculated?
A: The data for this trend is collected and calculated by the U.S. Bureau of Economic Analysis, the federal agency responsible for measuring and analyzing economic activity in the United States.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, closely monitor GDP trends to inform decisions around fiscal and monetary policy, as GDP growth is a key target for the central bank's policy objectives.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted GDP data is typically released with a lag of several months, as the Bureau of Economic Analysis compiles and verifies the comprehensive economic data required to calculate this metric.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU72000003200000030A), retrieved from FRED.