Annual
FGMGATA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1946 - 1/1/2023
Summary
The Annual Growth of Real Gross Domestic Product (GDP) measures the year-over-year change in the total inflation-adjusted value of all goods and services produced in the United States. It is a key indicator of the country's overall economic 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
Real GDP growth is a widely followed metric that helps economists and policymakers assess the health and trajectory of the U.S. economy. It provides insights into factors driving economic expansion or contraction, informing decisions around monetary and fiscal policies.
Methodology
The Bureau of Economic Analysis calculates real GDP growth by adjusting the nominal GDP figure for inflation.
Historical Context
Annual GDP growth is closely watched by the Federal Reserve and other institutions to gauge the need for policy interventions.
Key Facts
- Real GDP grew by 2.3% in 2022.
- The U.S. economy expanded by 5.7% in 2021, the fastest pace since 1984.
- The COVID-19 pandemic caused real GDP to contract by 3.4% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual Growth of Real Gross Domestic Product (GDP) measures the year-over-year change in the total inflation-adjusted value of all goods and services produced in the United States.
Q: Why is this trend relevant for users or analysts?
A: Real GDP growth is a widely followed metric that helps economists and policymakers assess the health and trajectory of the U.S. economy, informing decisions around monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates real GDP growth by adjusting the nominal GDP figure for inflation.
Q: How is this trend used in economic policy?
A: Annual GDP growth is closely watched by the Federal Reserve and other institutions to gauge the need for policy interventions.
Q: Are there update delays or limitations?
A: The Bureau of Economic Analysis releases the annual real GDP growth data on a quarterly basis, with some delay from the end of the reference period.
Related Trends
Federal Government; Other Loans and Advances; Asset, Transactions
FGOLATQ027S
Federal Government; Net Saving Including Net Capital Transfers Paid, Insurance and Pension Fund Reserves Adjustment and Contributions for Government Social Insurance for U.S. Affiliated Areas (IMA), Transactions
FGSCTDA027N
Federal government; taxes receivable; asset, Flow
FGTRASA027N
Federal Government; Nonofficial Foreign Currencies; Asset, Transactions
FGNFACQ027S
Federal Government; U.S. Equity in International Bank for Reconstruction and Development (IBRD), etc.; Asset, Level
FGEIBRA027N
Federal Government; Other U.S. Reserves; Asset, Level
FGOFCAA027N
Citation
U.S. Federal Reserve, Annual Growth of Real Gross Domestic Product (FGMGATA027N), retrieved from FRED.