Nominal Gross Domestic Product for India
Annual
NGDPXDCINA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
322,115,769.20
Year-over-Year Change
234.25%
Date Range
1/1/2005 - 1/1/2024
Summary
The 'Annual' economic trend measures the gross domestic product (GDP) of the United States, adjusted for inflation and annualized. 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 'Annual' trend represents the total value of all goods and services produced within the United States over a one-year period, with adjustments made to account for changes in prices. It is a widely tracked metric used by economists, policymakers, and analysts to assess the health and trajectory of the U.S. economy.
Methodology
The data for this trend is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
The Annual GDP trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. GDP reached a record high of $23.94 trillion in 2021.
- The U.S. economy grew by 5.7% in 2021, the fastest annual pace since 1984.
- GDP is considered the broadest measure of overall economic activity in the United States.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the total value of all goods and services produced within the United States over a one-year period, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The Annual GDP trend is a key indicator of the overall health and performance of the U.S. economy, making it essential for economists, policymakers, and market analysts to monitor and interpret.
Q: How is this data collected or calculated?
A: The data for this trend is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Annual GDP trend is closely tracked by the Federal Reserve and other institutions to inform economic and monetary policy decisions, as it provides a comprehensive view of the country's economic output and growth.
Q: Are there update delays or limitations?
A: The Annual GDP data is typically released by the Bureau of Economic Analysis with a delay of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product (NGDPXDCINA), retrieved from FRED.