National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Canada
Growth rate same period previous year, Annual
NAEXKP06CAA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
-79.86%
Date Range
1/1/1962 - 1/1/2024
Summary
This economic trend measures the annual growth rate of gross national income (GNI) in the United States compared to the same period in the previous year. It is a key indicator of overall economic performance and growth.
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 growth rate same period previous year, Annual metric tracks the year-over-year change in U.S. gross national income, which encompasses the total income earned by U.S. residents and businesses. This broad measure of economic activity is closely watched by policymakers, analysts, and investors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts.
Historical Context
This annual growth rate is used to assess the health and trajectory of the U.S. economy and inform economic policy decisions.
Key Facts
- GNI growth rate averaged 4.4% annually from 2010-2019.
- The COVID-19 pandemic caused GNI growth to contract 2.2% in 2020.
- Growth rebounded to 5.7% in 2021 as the economy recovered.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percent change in U.S. gross national income, a comprehensive measure of the total income earned by American residents and businesses.
Q: Why is this trend relevant for users or analysts?
A: The GNI growth rate is a key indicator of overall economic performance and is closely watched by policymakers, economists, and investors to assess the health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts.
Q: How is this trend used in economic policy?
A: The annual GNI growth rate informs economic policy decisions by providing insights into the broader state of the U.S. economy and its performance over time.
Q: Are there update delays or limitations?
A: The GNI growth rate data is published annually with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
Insurance Company Assets to GDP for Canada
DDDI11CAA156NWDB
Nominal Exports of Goods and Services for Canada
NXSAXDCCAQ
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Canada
PRMNTO01CAQ661N
Amount Outstanding of Domestic Money Market instruments in Financial Corporations Sector, Short-Term at Original Maturity, Residence of Issuer in Canada
DMMISTRIAOFCCA
Leading Indicators OECD: Component Series: Interest Rate Spread: Original Series for Canada
CANLOCOSIORSTM
Balance of Payments: Goods: Revenue for Canada
CANB6CRTD01CXCUSAQ
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP06CAA659S), retrieved from FRED.