Federal Government; Agency- and GSE-Backed Securities; Asset, Level
Annual
FGCBASA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1945 - 1/1/2024
Summary
The Annual trend measures the annual growth rate of gross domestic product (GDP) in the United States. This key economic indicator provides insights into 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
The Annual trend tracks the year-over-year change in real GDP, which is a comprehensive measure of the nation's economic output. It is closely monitored by policymakers, analysts, and investors to assess economic conditions and guide decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Historical Context
The Annual GDP growth rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The U.S. economy grew by 6.9% in 2021, the fastest pace since 1984.
- Annual GDP growth averaged 2.3% from 2010 to 2019.
- The COVID-19 pandemic caused a 3.4% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in real gross domestic product (GDP), the broadest indicator of overall economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual GDP growth rate is a critical macroeconomic indicator that provides insights into the health and performance of the U.S. economy. It is closely monitored by policymakers, businesses, and investors to inform decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Q: How is this trend used in economic policy?
A: The Annual GDP growth rate is a key input for both monetary and fiscal policy decisions made by the Federal Reserve and U.S. government to support economic stability and growth.
Q: Are there update delays or limitations?
A: The Annual GDP growth data is published quarterly by the Bureau of Economic Analysis, with a lag of several weeks following the end of each quarter.
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Citation
U.S. Federal Reserve, Annual (FGCBASA027N), retrieved from FRED.