Real Gross Domestic Product for Saudi Arabia
Annual, Not Seasonally Adjusted
NGDPRXDCSAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,660,927.00
Year-over-Year Change
42.43%
Date Range
1/1/2010 - 1/1/2024
Summary
This series measures real gross domestic product (GDP) in the United States on an annual, not seasonally adjusted basis. It is a key indicator of overall economic activity and performance.
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
Real GDP is the broadest measure of economic output, capturing the total value of all goods and services produced in the U.S. economy. The not seasonally adjusted version provides insight into underlying annual trends without the effects of seasonal fluctuations.
Methodology
Real GDP is calculated by the U.S. Bureau of Economic Analysis using data on production, consumption, investment, and trade.
Historical Context
Policymakers and analysts use this measure to assess the health and trajectory of the U.S. economy.
Key Facts
- Real GDP grew 5.7% in 2021.
- The U.S. economy contracted 3.4% in 2020 due to the COVID-19 pandemic.
- Real GDP per capita is a common measure of living standards.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of all goods and services produced in the U.S. economy on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of overall economic performance and a widely used benchmark for policymakers and analysts assessing the health of the U.S. economy.
Q: How is this data collected or calculated?
A: Real GDP is calculated by the U.S. Bureau of Economic Analysis using data on production, consumption, investment, and trade.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor real GDP growth to inform decisions on monetary, fiscal, and regulatory policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: This series is published quarterly by the U.S. Bureau of Economic Analysis, with a delay of approximately one month from the end of the reference period.
Related Trends
Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Saudi Arabia
SAUFCIOFMNUM
Balance on Current Account for Saudi Arabia
SAUBCAUSD
Real Final Consumption Expenditure for Saudi Arabia
NCRNSAXDCSAQ
Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Saudi Arabia
SAUFCNODCHANUM
Total Government Debt for General Government for Saudi Arabia
SAUGGDGDPGDPPT
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Nationality of Issuer in Saudi Arabia
IDS1MNIAOAISA
Citation
U.S. Federal Reserve, Real Gross Domestic Product (NGDPRXDCSAA), retrieved from FRED.