National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Australia
Annual
NAEXCP05AUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,636,000,000.00
Year-over-Year Change
-7290.24%
Date Range
1/1/1960 - 1/1/2022
Summary
The Annual series measures annual changes in national accounts for the United States. It is a key indicator used by economists and policymakers to assess 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
The Annual series represents year-over-year percent changes in national account statistics, including GDP, consumption, investment, and other macroeconomic aggregates. It provides a high-level view of the economy's performance and is closely monitored by analysts, central banks, and government agencies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive national accounts surveys and estimates.
Historical Context
This annual economic trend is widely referenced in policy discussions, economic forecasting, and market analysis.
Key Facts
- Annual GDP growth averaged 2.3% from 2010-2019.
- Personal consumption accounts for over two-thirds of U.S. GDP.
- Fixed investment has contributed around 20% of GDP in recent years.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures year-over-year percent changes in key U.S. national account statistics like GDP, consumption, and investment.
Q: Why is this trend relevant for users or analysts?
A: The Annual series provides a high-level view of the economy's overall performance and growth, making it a crucial indicator for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive national accounts surveys and estimates.
Q: How is this trend used in economic policy?
A: The Annual series is widely referenced in policy discussions, economic forecasting, and market analysis to assess the health and trajectory of the U.S. economy.
Q: Are there update delays or limitations?
A: The Annual series is released on a regular schedule by the Bureau of Economic Analysis, with some minor publication lags compared to higher-frequency economic indicators.
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Citation
U.S. Federal Reserve, Annual (NAEXCP05AUA189S), retrieved from FRED.