Nominal Gross Domestic Product for Turkey
Annual, Not Seasonally Adjusted
NGDPXDCTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,410,513.89
Year-over-Year Change
2644.93%
Date Range
1/1/1998 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the nominal gross domestic product (GDP) of the United States, providing a comprehensive snapshot of the nation's overall economic activity.
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 trend represents the total dollar value of all goods and services produced within the U.S. during a given year, without adjusting for seasonal variations. It is a key indicator used by economists and policymakers to gauge the size and health of the American economy.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis using a variety of government and private sector sources.
Historical Context
Policymakers and market analysts closely monitor this series to inform decisions on fiscal, monetary, and economic policies.
Key Facts
- The U.S. GDP reached $23.9 trillion in 2022.
- GDP growth averaged 2.3% annually from 2010 to 2019.
- The COVID-19 pandemic caused GDP to contract 3.4% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all goods and services produced within the United States during a given year, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Nominal GDP is a key indicator of the overall size and health of the American economy, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis using a variety of government and private sector sources.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this series to inform decisions on fiscal, monetary, and economic policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with some delay to allow for comprehensive data collection.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NGDPXDCTRA), retrieved from FRED.