Rest of the World; Monetary Gold and SDRs; Assets, Transactions
Annual
ROWORAA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1946 - 1/1/2024
Summary
The Annual trend measures the annual rate of change in total real output in the United States. It is a key indicator of overall economic growth and productivity.
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 percent change in real GDP, which adjusts for inflation and provides a comprehensive measure of the nation's economic output. It is widely used by economists, policymakers, and market analysts to assess the health and direction of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Historical Context
This trend informs monetary and fiscal policy decisions aimed at promoting stable, sustainable economic growth.
Key Facts
- The Annual trend reached a high of 7.5% in 1984.
- In 2020, the Annual trend fell to -3.4% due to the COVID-19 pandemic.
- The long-term average Annual trend is approximately 2.5% since 1950.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in real gross domestic product (GDP), which is the total value of all goods and services produced in the United States, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of overall economic growth and productivity, and is closely watched by economists, policymakers, and market participants to assess the health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data for the Annual trend is calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Q: How is this trend used in economic policy?
A: The Annual trend informs monetary and fiscal policy decisions aimed at promoting stable, sustainable economic growth, such as adjustments to interest rates and government spending.
Q: Are there update delays or limitations?
A: The Annual trend is published quarterly with a lag of several weeks, and may be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Annual (ROWORAA027N), retrieved from FRED.