SNAP Benefits Recipients in West Virginia
Annual
BR54000WVA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
315,494.00
Year-over-Year Change
-8.53%
Date Range
1/1/1989 - 1/1/2022
Summary
The Annual trend measures the average annual total output of goods and services produced in a region or country. It is a key indicator of economic growth and performance.
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 total inflation-adjusted value of all final goods and services produced within a geographic area over the course of a year. It is a widely-used macroeconomic indicator for tracking economic expansion or contraction.
Methodology
The data is calculated based on government surveys and economic statistics.
Historical Context
Policymakers and analysts monitor the Annual trend to assess the overall health of the economy.
Key Facts
- The Annual trend is reported on a per-capita basis.
- Annual output growth is a primary goal of economic policy.
- Regional Annual data allows comparison of economic performance.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total inflation-adjusted value of all goods and services produced in a geographic area over the course of a year.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of overall economic growth and performance, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is calculated based on government surveys and economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers monitor the Annual trend to assess the health of the economy and inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The Annual data is subject to periodic revisions and may have a delay in reporting due to the comprehensive data collection process.
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Citation
U.S. Federal Reserve, Annual (BR54000WVA647NCEN), retrieved from FRED.