Private Nonfarm Nonresidential Building for United States
Annual
A02183USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,859.00
Year-over-Year Change
124.64%
Date Range
1/1/1915 - 1/1/1963
Summary
The Annual trend measures the percent change in U.S. GDP from the previous year. This high-level economic indicator is closely watched by policymakers and analysts to assess the overall health and growth of the national 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 trend represents the year-over-year percent change in real (inflation-adjusted) Gross Domestic Product (GDP), which is the broadest measure of total economic output in the United States. This key macroeconomic indicator is widely used to track the pace of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and surveys.
Historical Context
The Annual GDP growth rate is a crucial input for fiscal and monetary policy decisions by the U.S. government and Federal Reserve.
Key Facts
- The U.S. economy grew by 5.7% in 2021.
- The largest annual GDP decline was -2.8% in 2009 during the Great Recession.
- Annual GDP growth has averaged 2.3% since 1980.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the percent change in U.S. real Gross Domestic Product (GDP) from the previous year, providing a high-level indicator of overall economic growth or contraction.
Q: Why is this trend relevant for users or analysts?
A: The Annual GDP growth rate is a crucial macroeconomic indicator used by policymakers, businesses, and analysts to assess the broader health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and surveys.
Q: How is this trend used in economic policy?
A: The Annual GDP growth rate is a key input for fiscal and monetary policy decisions by the U.S. government and Federal Reserve to manage economic conditions.
Q: Are there update delays or limitations?
A: The Annual GDP growth data is typically released with a 1-2 month delay and may be subject to revisions as more complete information becomes available.
Related Trends
Private Nonfarm New Housing Units, Constant Dollars for United States
M02257USM382SNBR
Index of Lumber Production for United States
M0219BUSM350NNBR
Tonnage of Vessels Under Construction for Great Britain and Ireland
Q02099GBQ561NNBR
Increases in Railroad Trackage Including Sidings for Germany
A027DADEA364NNBR
Federal Construction Expenditures, Nonmilitary for United States
A02281USA550NNBR
Increases in Railroad Track Mileage Operated for United States
A02083USA581NNBR
Citation
U.S. Federal Reserve, Annual (A02183USA398NNBR), retrieved from FRED.