Nominal Statistical Discrepancy for Argentina
Annual
NSDGDPXDCARA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7,910,848.60
Year-over-Year Change
-1934.46%
Date Range
1/1/2022 - 1/1/2024
Summary
The Annual Nominal GDP measures the total economic output of the United States on an annual basis. It is a key indicator of the overall health and growth 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
Nominal GDP represents the total market value of all goods and services produced within a country over the course of a year, without adjusting for inflation. This metric is widely used by economists, policymakers, and analysts to assess economic performance and guide policy decisions.
Methodology
The U.S. Bureau of Economic Analysis (BEA) calculates Nominal GDP based on data from various economic indicators and surveys.
Historical Context
Nominal GDP growth is closely monitored by the Federal Reserve and other government institutions to inform monetary and fiscal policy.
Key Facts
- Nominal GDP reached a record high of $23.94 trillion in 2021.
- The U.S. economy grew by 6.9% in 2021, the fastest pace since 1984.
- Nominal GDP per capita in the U.S. was $72,658 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual Nominal GDP measures the total value of all goods and services produced in the United States over the course of a year, without adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: Nominal GDP is a key indicator of the overall health and growth of the U.S. economy, and is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis (BEA) calculates Nominal GDP based on data from various economic indicators and surveys.
Q: How is this trend used in economic policy?
A: Nominal GDP growth is closely monitored by the Federal Reserve and other government institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual Nominal GDP data is released on a quarterly basis by the BEA, with some potential for revisions in subsequent reports.
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ARGFCBODCNUM
Bank's Non-Interest Income to Total Income for Argentina
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ARGCP100000GPQ
Central Bank Assets to GDP for Argentina
DDDI06ARA156NWDB
People 15 Years and Over with Account at a Formal Financial Institution for Argentina
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Number of Identified Exporters to Argentina from Minnesota
MNARGA475SCEN
Citation
U.S. Federal Reserve, Annual Nominal GDP (NSDGDPXDCARA), retrieved from FRED.