National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for India
Annual
INDGDPNADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
265,637,620,340,000.03
Year-over-Year Change
264.20%
Date Range
1/1/1997 - 1/1/2022
Summary
The Annual Gross Domestic Product (GDP) measures the total value of goods and services produced in a country over a one-year period. It is a key indicator of economic growth and 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
The Annual GDP is a comprehensive measure of a country's economic activity. It reflects the overall size and strength of the economy, and is widely used by policymakers, analysts, and investors to assess economic conditions and trends.
Methodology
The Annual GDP is calculated by the U.S. Bureau of Economic Analysis based on data from various economic surveys and government sources.
Historical Context
The Annual GDP is a critical input for fiscal and monetary policy decisions made by the U.S. government and Federal Reserve.
Key Facts
- The U.S. Annual GDP was $23.9 trillion in 2021.
- GDP growth is a key target for the Federal Reserve's monetary policy.
- Annual GDP data is released quarterly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Annual Gross Domestic Product (GDP) 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: The Annual GDP is a crucial indicator of the overall size and health of the U.S. economy, and is closely watched by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The Annual GDP is calculated by the U.S. Bureau of Economic Analysis based on data from various economic surveys and government sources.
Q: How is this trend used in economic policy?
A: The Annual GDP is a critical input for fiscal and monetary policy decisions made by the U.S. government and Federal Reserve.
Q: Are there update delays or limitations?
A: The Annual GDP data is released quarterly by the Bureau of Economic Analysis, with a delay of several weeks.
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Citation
U.S. Federal Reserve, Annual Gross Domestic Product (INDGDPNADSMEI), retrieved from FRED.