Real Statistical Discrepancy for Australia
Annual, Not Seasonally Adjusted
NSDGDPRXDCAUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,850.00
Year-over-Year Change
-176.16%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted Gross Domestic Product (GDP) of the United States. GDP is a key indicator of economic growth and performance, making this data crucial for economists and policymakers.
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 series tracks the total value of all goods and services produced within the United States over a 12-month period. It provides an unmodified measure of economic activity that can be used to analyze long-term growth trends and make international comparisons.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Historical Context
Policymakers and market analysts closely monitor GDP figures to assess the overall health of the U.S. economy and inform decisions.
Key Facts
- GDP accounts for over 70% of U.S. economic activity.
- The U.S. GDP was $23.9 trillion in 2021.
- GDP growth averaged 2.3% annually from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted Gross Domestic Product (GDP) of the United States. GDP is the total value of all goods and services produced within the country over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a key indicator of overall economic performance and growth, making this data crucial for economists, policymakers, and market analysts to assess the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor GDP figures to inform decisions and assess the overall state of the U.S. economy. GDP data is a key input for macroeconomic policy, forecasting, and international economic comparisons.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted GDP data is typically released with a 3-month lag. There may also be revisions to previous years' figures as more complete data becomes available.
Related Trends
National Accounts: Real Gross Domestic Product for Australia
AUSNGDPRPCPPPT
Nominal Final Consumption Expenditure for Australia
NCSAXDCAUQ
Infra-Annual Labor Statistics: Working-Age Population Female: From 25 to 54 Years for Australia
LFWA25FEAUA647S
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Australia
AUSCP110000GPQ
Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Australia
LREM55TTAUM156S
Population, Total for Australia
POPTOTAUA647NWDB
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted GDP (NSDGDPRXDCAUA), retrieved from FRED.