Rest of the World; U.S. Corporate Equities; Asset, Transactions
Annual
ROWCEAA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
276,627.00
Year-over-Year Change
102.12%
Date Range
1/1/1946 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in real GDP for the world economy. It is a key indicator of global economic growth and an important metric for policymakers and analysts.
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 annual rate of change in real gross domestic product (GDP) for the world economy. It is used to assess the overall pace of global economic expansion or contraction and provides important context for interpreting other economic indicators.
Methodology
The data is calculated by the World Bank based on national accounts statistics.
Historical Context
The Annual trend is closely watched by governments, central banks, and international organizations to inform economic and policy decisions.
Key Facts
- World GDP grew 6.0% in 2021.
- The Annual trend declined 3.1% in 2020 due to the COVID-19 pandemic.
- Global economic growth averaged 3.5% per year from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in real GDP for the entire world economy.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of global economic performance and an important input for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts statistics from member countries.
Q: How is this trend used in economic policy?
A: Governments, central banks, and international organizations closely monitor the Annual trend to inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is typically published with a lag of several months as national accounts data is compiled.
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Citation
U.S. Federal Reserve, Annual (ROWCEAA027N), retrieved from FRED.