Annual
ROWTSSA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-22,621.00
Year-over-Year Change
-159.15%
Date Range
1/1/1946 - 1/1/2012
Summary
The Annual trend measures the year-over-year change in real GDP for the world economy. This metric is closely watched by economists and policymakers to assess global economic growth and development.
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 world economy. It provides a high-level indicator of overall economic performance and is used to analyze long-term growth trends across countries and regions.
Methodology
The data is calculated by the World Bank based on national accounts statistics.
Historical Context
The Annual trend is a key input for policymakers and analysts assessing the health of the global economy.
Key Facts
- The Annual trend reached a low of -3.3% in 2020 due to the COVID-19 pandemic.
- World real GDP grew by 5.9% in 2021 as economies recovered.
- Long-term average annual growth in the world economy is around 3.5%.
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) for the 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 growth, providing important context for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by central banks, government agencies, and international organizations to assess the health of the global economy and inform policy decisions.
Q: Are there update delays or limitations?
A: There can be lags in data reporting, and the Annual trend may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (ROWTSSA027N), retrieved from FRED.