Gross Domestic Product: Educational Services (61) in Minnesota
Quarterly, Seasonally Adjusted Annual Rate
MNEDCATNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,853.90
Year-over-Year Change
18.68%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (SAAR) tracks the annualized change in nominal U.S. Gross Domestic Product (GDP) on a quarter-over-quarter basis.
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 SAAR provides a standardized way to measure the quarter-to-quarter growth rate of the U.S. economy. It is a key economic indicator used by policymakers, analysts, and businesses to gauge the pace and direction of economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
The SAAR is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The SAAR is annualized, meaning it represents the rate of change over a full year.
- GDP growth above 2-3% is generally considered healthy for the U.S. economy.
- Negative SAAR indicates an economic contraction.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (SAAR) measures the annualized rate of change in U.S. nominal Gross Domestic Product (GDP) from one quarter to the next.
Q: Why is this trend relevant for users or analysts?
A: The SAAR is a key indicator of the overall health and direction of the U.S. economy, used by policymakers, businesses, and analysts to inform decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: The SAAR is closely monitored by the Federal Reserve and other institutions to help guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The SAAR data is published quarterly by the BEA, with a short delay after the end of each quarter.
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Citation
U.S. Bureau of Economic Analysis, Quarterly, Seasonally Adjusted Annual Rate (MNEDCATNQGSP), retrieved from FRED.