Annual
This dataset tracks annual over time.
Latest Value
64464000000.00
Year-over-Year Change
44.65%
Date Range
1/1/1990 - 1/1/2022
Summary
The Annual Gross Domestic Product (GDP) series measures the total value of goods and services produced in the United States over a one-year period. It is a key indicator of the overall health and growth 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
Annual GDP is the broadest measure of economic activity, representing the market value of all final goods and services produced within a country's borders over a 12-month period. It is widely used by economists, policymakers, and analysts to assess the size and performance of the U.S. economy.
Methodology
The U.S. Bureau of Economic Analysis (BEA) calculates Annual GDP based on data collected from surveys, administrative records, and other sources.
Historical Context
Annual GDP data informs federal monetary and fiscal policy decisions, as well as private sector investment and strategic planning.
Key Facts
- Annual GDP reached a record high of $23.99 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Annual GDP has grown at an average rate of 2.3% per year since 2010.
FAQs
Q: What does this economic trend measure?
A: The Annual Gross Domestic Product (GDP) series measures the total value of goods and services produced in the United States over a one-year period.
Q: Why is this trend relevant for users or analysts?
A: Annual GDP is a key indicator of the overall health and growth of the U.S. economy, and it informs important policy decisions and private sector planning.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis (BEA) calculates Annual GDP based on data collected from surveys, administrative records, and other sources.
Q: How is this trend used in economic policy?
A: Annual GDP data is used by federal policymakers to inform monetary and fiscal policy decisions, and by private sector analysts to guide investment and strategic planning.
Q: Are there update delays or limitations?
A: Annual GDP data is typically released by the BEA in late January or early February, with a several-month lag from the end of the previous year.
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Citation
U.S. Federal Reserve, Annual Gross Domestic Product (FINGFCEADSMEI), retrieved from FRED.