Real General Government Final Consumption Expenditure, Collective for Russia
Annual
NCGGCRXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,605,981.80
Year-over-Year Change
39.42%
Date Range
1/1/2011 - 1/1/2021
Summary
The Annual trend measures the annual change in gross domestic product (GDP) by country. This metric is closely watched by economists and policymakers as an indicator of a country's 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 Annual trend tracks the year-over-year percent change in a country's GDP, a comprehensive measure of its total economic output. Monitoring these annual growth rates provides insights into a nation's economic trajectory and can inform policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use the Annual trend to gauge a country's macroeconomic health and guide economic policies.
Key Facts
- GDP grew by 5.7% in the U.S. in 2021.
- China's GDP expanded by 8.1% in 2021.
- The Eurozone saw 5.3% annual GDP growth in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in a country's gross domestic product (GDP), a comprehensive indicator of its overall economic output and performance.
Q: Why is this trend relevant for users or analysts?
A: Annual GDP growth rates are closely watched by economists, policymakers, and investors as they provide insights into a country's macroeconomic health and trajectory, which can inform economic policies and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Annual trend to gauge a country's macroeconomic performance and guide decisions on fiscal, monetary, and other economic policies.
Q: Are there update delays or limitations?
A: The Annual trend data is typically published with a few months' delay, as it relies on comprehensive GDP calculations. There may also be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Annual (NCGGCRXDCRUA), retrieved from FRED.