Gross Domestic Product: Information (51) in Arkansas
Annual, Not Seasonally Adjusted
ARINFONGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,443.50
Year-over-Year Change
37.06%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the gross state product (GSP) for the U.S. as a whole, providing insight into 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
This annual, unadjusted GSP metric represents the total value of all goods and services produced within the United States, making it a key indicator of economic performance and the basis for many policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Policymakers and analysts closely monitor this trend to understand the broad economic climate and inform fiscal and monetary policies.
Key Facts
- The U.S. GSP reached $23.6 trillion in 2021.
- Real GSP growth was 5.7% in 2021 after a 3.4% decline in 2020.
- GSP is a comprehensive measure of economic activity across all industries.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total gross state product (GSP) for the United States, providing an overview of national economic output and performance.
Q: Why is this trend relevant for users or analysts?
A: This broad GSP metric is a crucial indicator for understanding the overall health and growth of the U.S. economy, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks and methodologies.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the Annual GSP trend to inform fiscal, monetary, and other economic policies aimed at promoting growth and stability.
Q: Are there update delays or limitations?
A: There is typically a lag of several months between the end of the reference year and the release of the Annual GSP data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ARINFONGSP), retrieved from FRED.