Chain-Type Quantity Index for Real GDP: All Industry Total in Delaware
Annual, Not Seasonally Adjusted
DEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.52
Year-over-Year Change
12.88%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures U.S. real gross domestic product (GDP) by expenditure approach. It is a key indicator of overall economic activity and can inform policy decisions.
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 series represents the inflation-adjusted total value of all goods and services produced within the United States over a one-year period. It is a widely-tracked metric used by economists, policymakers, and analysts to assess the health and growth of the national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts frameworks.
Historical Context
Trends in real GDP are closely monitored by the Federal Reserve and other institutions to guide monetary and fiscal policy.
Key Facts
- The U.S. GDP was $23.99 trillion in 2021.
- Real GDP grew by 6.9% in 2021 after a 3.4% decline in 2020.
- Services account for over two-thirds of total U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total inflation-adjusted value of all goods and services produced within the United States over a one-year period, known as real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a fundamental indicator of overall economic activity and growth, making it highly relevant for policymakers, businesses, and economists analyzing the health 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 using established national accounts frameworks.
Q: How is this trend used in economic policy?
A: Trends in real GDP are closely monitored by the Federal Reserve and other institutions to guide monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: There is typically a several-month delay in publishing the annual real GDP data as the Bureau of Economic Analysis compiles and validates the underlying source information.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DEQGSP), retrieved from FRED.