Rest of the World; Net Worth (IMA), Level
Annual
ROWNETA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,664,867.00
Year-over-Year Change
472.49%
Date Range
1/1/1945 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in real GDP for OECD countries. It is a key indicator of overall economic growth and health used by 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 tracks the annual percent change in real gross domestic product (GDP) for the OECD group of developed economies. This provides insight into the pace of economic expansion or contraction over a 12-month period, which is a vital metric for understanding a country's economic performance.
Methodology
The data is calculated by the OECD using national accounts information from member countries.
Historical Context
Central banks, finance ministries, and market analysts closely monitor Annual GDP growth to inform monetary and fiscal policy decisions.
Key Facts
- OECD countries make up about 60% of global GDP.
- Annual GDP growth averaged 1.8% across the OECD in 2021.
- GDP is the broadest measure of a country's economic output.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in real GDP for the group of OECD developed economies.
Q: Why is this trend relevant for users or analysts?
A: Annual GDP growth is a vital indicator of a country's overall economic performance and health, making it crucial for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts information provided by member countries.
Q: How is this trend used in economic policy?
A: Central banks, finance ministries, and market analysts closely monitor Annual GDP growth to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The OECD publishes the Annual GDP growth data with a lag of several months due to the time required to collect and process national accounts information from member countries.
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Citation
U.S. Federal Reserve, OECD Annual GDP Growth (ROWNETA027N), retrieved from FRED.