Other Prices: Cost of Construction: Total for Finland
Annual
OPCNTB01FIA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.50
Year-over-Year Change
28.46%
Date Range
1/1/1960 - 1/1/2022
Summary
The Annual trend measures the annual change in the output per capita for the total economy. It is a key indicator of labor productivity and economic 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 tracks the year-over-year change in real gross domestic product (GDP) per capita, which reflects the overall productivity of the economy. It is used by economists and policymakers to analyze long-term economic performance and guide economic policies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and population statistics.
Historical Context
Trends in annual output per capita are closely watched by central banks, government agencies, and market analysts to assess the health and trajectory of the broader economy.
Key Facts
- The U.S. annual output per capita grew by 1.4% in 2021.
- Productivity gains are a key driver of long-term economic expansion.
- Annual output per capita is an important signal of a country's living standards.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in real gross domestic product (GDP) per capita, which reflects the overall productivity of the economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in annual output per capita are closely watched by economists, policymakers, and market analysts as a key indicator of labor productivity and long-term economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and population statistics.
Q: How is this trend used in economic policy?
A: Policymakers use the Annual trend to assess the health and trajectory of the broader economy, which can inform decisions on monetary and fiscal policies to promote sustainable growth.
Q: Are there update delays or limitations?
A: The Annual trend is published with a lag of several months, as it relies on comprehensive national accounts data.
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Citation
U.S. Federal Reserve, Annual (OPCNTB01FIA661N), retrieved from FRED.