Annual
GDPSDCA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,772.00
Year-over-Year Change
-105.18%
Date Range
1/1/1946 - 1/1/2018
Summary
The Annual series measures the year-over-year percent change in real gross domestic product, providing insight into the overall 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
This annual economic indicator tracks the percent change in real GDP, which is the broadest measure of economic activity and a key gauge of economic health. It is widely followed by policymakers, analysts, and the public to assess the performance and direction of the U.S. economy.
Methodology
The data is calculated based on Bureau of Economic Analysis estimates of real GDP.
Historical Context
The Annual GDP growth rate is a crucial input for economic forecasting and policymaking decisions.
Key Facts
- Real GDP grew 5.7% in 2021, the fastest pace since 1984.
- The U.S. economy contracted 3.4% in 2020 due to the COVID-19 pandemic.
- Annual GDP growth has averaged 2.3% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the year-over-year percent change in real gross domestic product, the broadest indicator of overall U.S. economic activity.
Q: Why is this trend relevant for users or analysts?
A: The annual GDP growth rate is a crucial indicator of economic performance and a key input for forecasting, policymaking, and business decision-making.
Q: How is this data collected or calculated?
A: The data is calculated based on Bureau of Economic Analysis estimates of real GDP.
Q: How is this trend used in economic policy?
A: The annual GDP growth rate is closely monitored by policymakers at the Federal Reserve and other institutions to assess the health of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The annual GDP data is released with a lag of several months, reflecting the time required to compile and analyze the underlying data.
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Citation
U.S. Federal Reserve, Annual (GDPSDCA027N), retrieved from FRED.