Federal Government; Special Drawing Rights (SDRs) Holdings; Asset, Transactions
Annual
FGSDRHA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,137.00
Year-over-Year Change
13783.78%
Date Range
1/1/1946 - 1/1/2024
Summary
The 'Annual' economic trend measures the average gross domestic product (GDP) per person in the United States on an annual basis. It is a key metric for tracking overall economic growth and living standards.
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' series represents the annual gross domestic product (GDP) per capita, which is a measure of the total economic output of a country divided by its population. This provides a standardized gauge of a country's economic performance and living standards that allows for comparisons over time and across nations.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP and population figures.
Historical Context
Policymakers and economists closely monitor the annual GDP per capita trend to assess the overall health of the U.S. economy.
Key Facts
- GDP per capita in the U.S. was $63,593 in 2021.
- Annual GDP per capita has grown by over 50% since 2000.
- The U.S. ranks among the top countries globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the average gross domestic product (GDP) per person in the United States on a yearly basis.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key metric for tracking overall economic growth and living standards in the U.S. It provides a standardized gauge of the country's economic performance.
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 and population figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the annual GDP per capita trend to assess the overall health of the U.S. economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular annual basis with minimal delays, providing a timely snapshot of the U.S. economy's performance.
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Citation
U.S. Federal Reserve, Annual (FGSDRHA027N), retrieved from FRED.