Annual
BPFAFD01IEA636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2,889,000,000.00
Year-over-Year Change
-722.63%
Date Range
1/1/2001 - 1/1/2013
Summary
The Annual Forecast of Gross Domestic Product (GDP) measures the expected growth or decline of the U.S. economy over the next year. This key indicator helps policymakers and analysts assess the economic outlook.
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 Forecast of GDP is a projection of the total value of goods and services produced in the United States over the next 12 months. It provides insight into the anticipated direction and pace of economic activity, which is essential for informing fiscal and monetary policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on statistical models and expert analysis.
Historical Context
Economists and policymakers closely monitor the Annual Forecast of GDP to gauge the health of the U.S. economy and guide policy interventions.
Key Facts
- The forecast is updated quarterly.
- Positive growth indicates an expanding economy.
- Negative growth signals a potential recession.
FAQs
Q: What does this economic trend measure?
A: The Annual Forecast of GDP measures the expected growth or decline of the U.S. economy over the next 12 months.
Q: Why is this trend relevant for users or analysts?
A: This forecast is a critical indicator for policymakers, businesses, and investors to assess the health and trajectory 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 based on statistical models and expert analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the Annual Forecast of GDP to guide fiscal and monetary policy decisions that can stimulate or stabilize the economy.
Q: Are there update delays or limitations?
A: The forecast is updated quarterly, with a slight delay from the end of the reference period.
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Citation
U.S. Bureau of Economic Analysis, Annual Forecast of Gross Domestic Product (BPFAFD01IEA636N), retrieved from FRED.