Real Gross Domestic Product: Accommodation and Food Services (72) in the District of Columbia
Annual, Not Seasonally Adjusted
DCACCFDRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,894.90
Year-over-Year Change
15.26%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the annual growth rate of real gross domestic product (GDP) in the United States. This metric is a key indicator of the overall health and performance 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
This annual, non-seasonally adjusted GDP growth rate provides a broad snapshot of economic expansion or contraction over a 12-month period. Economists and policymakers closely monitor this data to assess the trajectory of the U.S. economy and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and production data.
Historical Context
This GDP growth rate trend is used to gauge the strength of the economy and inform macroeconomic policies.
Key Facts
- GDP grew 6.9% in 2021.
- The fastest growth since 1984.
- Rebounding from a 3.4% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of real gross domestic product (GDP) in the United States, providing a high-level indicator of economic performance.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a key metric used by economists, policymakers, and market analysts to assess the overall health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and production data.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this GDP growth rate to inform macroeconomic policies and decisions that can impact employment, inflation, interest rates, and other economic factors.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a typical 1-2 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DCACCFDRGSP), retrieved from FRED.