Real Gross Domestic Product: Educational Services (61) in Utah
Annual, Not Seasonally Adjusted
UTEDCATRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,188.20
Year-over-Year Change
45.93%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the total economic output of the United States, providing a comprehensive view of the nation's economic performance.
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
This trend represents the Gross Domestic Product (GDP), which is the broadest measure of a country's overall economic activity. It includes the value of all goods and services produced within the United States, making it a crucial indicator for policymakers and analysts.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and government spending records.
Historical Context
GDP is widely used to assess the health of the U.S. economy and inform economic policy decisions.
Key Facts
- GDP reached a record high of $23.9 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- GDP per capita in the U.S. was $63,593 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total economic output of the United States, as represented by the Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a country's economic health and performance, making this trend highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using various sources, including business surveys and government spending records.
Q: How is this trend used in economic policy?
A: GDP is widely used to assess the overall health of the U.S. economy and inform economic policy decisions, such as monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The GDP data is typically released on a quarterly basis, with some delay in the final figures due to the comprehensive nature of the data collection process.
Related Trends
All Employees: Transportation and Utilities: Couriers and Messengers in Utah
SMU49000004349200001
Estimate of People Age 0-17 in Poverty in Utah
PEU18UT49000A647NCEN
Real Gross Domestic Product: Construction (23) in Utah
UTCONSTRQGSP
Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Utah
SMU49000004000000011
Average Weekly Hours of All Employees: Financial Activities in Utah
SMU49000005500000002
Personal Consumption Expenditures: Services: Transportation Services for Utah
UTPCETRANS
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (UTEDCATRGSP), retrieved from FRED.