SNAP Benefits Recipients in Georgia
Annual
BR13000GAA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,577,226.00
Year-over-Year Change
-9.23%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the annual change in total gross domestic product (GDP) of the United States. It is a key indicator of 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 growth rate tracks the year-over-year percentage change in the total market value of all goods and services produced within the United States. This metric is widely used by economists, policymakers, and analysts to assess the direction and pace of economic expansion or contraction.
Methodology
The U.S. Bureau of Economic Analysis calculates this metric based on national income and product accounts data.
Historical Context
The annual GDP growth rate informs fiscal and monetary policy decisions made by the Federal Reserve and U.S. government.
Key Facts
- U.S. GDP grew by 5.7% in 2021.
- Negative annual GDP growth indicates an economic recession.
- The highest annual GDP growth rate in the last 50 years was 7.2% in 1984.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percentage change in the total gross domestic product (GDP) of the United States.
Q: Why is this trend relevant for users or analysts?
A: The annual GDP growth rate is a key indicator of the overall health and performance of the U.S. economy, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric based on national income and product accounts data.
Q: How is this trend used in economic policy?
A: The annual GDP growth rate informs fiscal and monetary policy decisions made by the Federal Reserve and U.S. government.
Q: Are there update delays or limitations?
A: The annual GDP growth rate is typically published with a 1-2 month delay by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Annual (BR13000GAA647NCEN), retrieved from FRED.