Nominal Gross Domestic Product for Australia
Annual, Not Seasonally Adjusted
NGDPXDCAUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,721,311.00
Year-over-Year Change
79.52%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the year-over-year change in nominal gross domestic product (GDP) in the United States. This key macroeconomic indicator provides insights into the overall growth and performance 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
This series represents the total market value of all final goods and services produced within the United States over a 12-month period, without adjusting for seasonal variations. It is a fundamental measure of economic activity used by policymakers, analysts, and researchers to assess the health and trajectory of the national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
This trend is widely referenced in economic policy discussions and financial markets to gauge the strength and direction of the U.S. economy.
Key Facts
- The U.S. GDP grew by 6.9% in 2021 on an annual, non-seasonally adjusted basis.
- Nominal GDP measures the total dollar value of all goods and services produced.
- This metric does not account for inflation, unlike real GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the year-over-year change in nominal gross domestic product (GDP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This key macroeconomic indicator provides insights into the overall growth and performance of the U.S. economy, making it widely referenced by policymakers, analysts, and researchers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: This trend is widely referenced in economic policy discussions and financial markets to gauge the strength and direction of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and does not account for inflation like the real GDP measure.
Related Trends
International Merchandise Trade Statistics: Exports: Commodities for Australia
XTEXVA01AUQ657S
Value of Exports to Australia from Texas
TXAUSA052SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Australia
AUSCP050000GYQ
Infra-Annual Labor Statistics: Employment Rate Male: From 25 to 54 Years for Australia
LREM25MAAUM156S
Infra-Annual Labor Statistics: Unemployment Rate Female: From 55 to 64 Years for Australia
LRUN55FEAUA156N
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Australia
LFUN24MAAUA647N
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NGDPXDCAUA), retrieved from FRED.