Real General Government Final Consumption Expenditure for Estonia
Annual, Not Seasonally Adjusted
NCGGRXDCESA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
265,404.34
Year-over-Year Change
24.44%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the gross domestic product (GDP) growth rate without seasonal adjustments. This metric is important for economists and policymakers to analyze long-term economic trends and patterns.
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, Not Seasonally Adjusted GDP growth rate represents the year-over-year change in the total value of goods and services produced within the United States. It provides a more stable view of economic performance by removing seasonal fluctuations.
Methodology
The data is calculated based on quarterly GDP estimates from the U.S. Bureau of Economic Analysis.
Historical Context
This metric is widely used by economists, analysts, and policymakers to assess the overall health and trajectory of the U.S. economy.
Key Facts
- The U.S. GDP grew by 5.7% in 2021 on an annual, not seasonally adjusted basis.
- Quarterly GDP data is used to calculate the annual, not seasonally adjusted growth rate.
- This metric provides a long-term view of economic performance without distortions from seasonal factors.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the year-over-year growth rate of the total value of goods and services produced in the United States, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the underlying long-term trajectory of the U.S. economy, as it removes the impact of seasonal factors that can distort shorter-term growth rates.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts use this metric to assess the overall health and direction of the U.S. economy, which informs decision-making on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted GDP growth rate is updated quarterly, with a typical lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCGGRXDCESA), retrieved from FRED.