Chain-Type Quantity Index for Real GDP: All Industry Total in Wisconsin
Annual, Not Seasonally Adjusted
WIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.00
Year-over-Year Change
18.42%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the gross domestic product (GDP) per capita in the United States. This key indicator provides insights into the overall health and growth 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
GDP per capita is a widely-used metric that tracks the total economic output of a country divided by its population. It serves as an important gauge of a nation's standard of living and economic well-being.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
GDP per capita trends are closely monitored by policymakers, analysts, and investors to inform economic and fiscal decision-making.
Key Facts
- GDP per capita in the U.S. was $63,593 in 2021.
- The U.S. GDP per capita has grown by over 250% since 1970.
- The U.S. ranks among the top 10 countries globally by GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total economic output of the United States divided by its population, providing a gauge of the country's standard of living and economic well-being.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator tracked closely by policymakers, economists, and investors to assess the overall health and growth of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: GDP per capita trends are used by policymakers, analysts, and institutions to inform economic and fiscal decision-making.
Q: Are there update delays or limitations?
A: The data is released annually by the U.S. Bureau of Economic Analysis with a short delay.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (WIQGSP), retrieved from FRED.