Annual
BPFARA02FIA636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-768,000,000.00
Year-over-Year Change
58.68%
Date Range
1/1/1975 - 1/1/2013
Summary
The Annual Gross Domestic Product (GDP) in Real Terms measures the total value of all goods and services produced in the United States, adjusted for inflation. This key economic 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
The Annual GDP in Real Terms is a comprehensive measure of the nation's economic output. It is used by policymakers, analysts, and researchers to assess the performance of the U.S. economy, inform economic policies, and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on a variety of sources, including surveys, census data, and administrative records.
Historical Context
This trend is closely monitored by the Federal Reserve, government agencies, and financial markets to gauge the strength of the U.S. economy and guide policy decisions.
Key Facts
- The U.S. GDP in real terms reached a record high of $19.5 trillion in 2021.
- Real GDP growth in the U.S. averaged 2.3% per year from 2010 to 2020.
- The COVID-19 pandemic caused a 3.4% decline in real GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual Gross Domestic Product (GDP) in Real Terms measures the total value of all goods and services produced in the United States, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insights into the overall health and growth of the U.S. economy, which is crucial for policymakers, analysts, and researchers to assess performance and make informed decisions.
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 a variety of sources, including surveys, census data, and administrative records.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve, government agencies, and financial markets to gauge the strength of the U.S. economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The Annual GDP in Real Terms data is released with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual Gross Domestic Product (GDP) in Real Terms (BPFARA02FIA636N), retrieved from FRED.