Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for Slovak Republic
Annual, Seasonally Adjusted
LFEAAGTTSKA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,625.00
Year-over-Year Change
-22.20%
Date Range
1/1/1994 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the total value of goods and services produced by the U.S. economy over a year, adjusted for seasonal variations. It is a key indicator of overall economic health 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
Gross domestic product (GDP) is the broadest measure of a country's economic activity, representing the total value of all final goods and services produced within a given period. The seasonally adjusted annual rate (SAAR) smooths out fluctuations due to weather, holidays, and other seasonal factors to provide a more accurate picture of the underlying economic trend.
Methodology
The Bureau of Economic Analysis collects data from a variety of sources to calculate GDP on a quarterly basis and reports it as an annualized, seasonally adjusted figure.
Historical Context
GDP growth is closely monitored by policymakers, businesses, and investors as a barometer of economic performance and to inform decisions on interest rates, investment, and other economic policies.
Key Facts
- GDP reached $23.9 trillion in 2021.
- The U.S. economy grew by 6.9% in Q4 2021.
- GDP contracted by 3.4% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total value of goods and services produced by the U.S. economy over a year, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a key indicator of overall economic health and performance, closely monitored by policymakers, businesses, and investors to inform decisions on interest rates, investment, and other economic policies.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis collects data from various sources to calculate GDP on a quarterly basis and reports it as an annualized, seasonally adjusted figure.
Q: How is this trend used in economic policy?
A: GDP growth is a primary metric used by economists and policymakers to assess the overall health of the U.S. economy and to inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The GDP data is reported quarterly with a delay, and the initial estimates are subject to revisions as more complete information becomes available.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Slovak Republic
CPGRLE01SKQ659N
Number of Identified Exporters to Slovakia from South Dakota
SDSVKA475SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Slovak Republic
SVKCPALTT01CTGYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Slovak Republic
SVKCP020000CTGYM
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for Slovak Republic
LFEMTTFESKA647N
Constant GDP per capita for the Slovak Republic
NYGDPPCAPKDSVK
Citation
U.S. Federal Reserve, Gross Domestic Product, Annual, Seasonally Adjusted (LFEAAGTTSKA647S), retrieved from FRED.