Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Washington
Quarterly, Seasonally Adjusted Annual Rate
WAPROBUSNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69,994.00
Year-over-Year Change
26.69%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (SAAR) measures the annualized rate of change in U.S. gross domestic product (GDP) on a quarterly basis, adjusted for seasonal variations.
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 economic indicator provides a snapshot of the overall health and performance of the U.S. economy. It is a key metric used by policymakers, analysts, and economists to assess economic growth and inform decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
This indicator is closely monitored by the Federal Reserve and other government agencies to gauge the direction of the economy and inform policy decisions.
Key Facts
- GDP grew at a 2.9% annualized rate in Q4 2022.
- The U.S. economy expanded by 2.1% in 2022.
- Quarterly GDP data is released by the BEA on a regular schedule.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (SAAR) measures the annualized rate of change in U.S. gross domestic product (GDP) on a quarterly basis, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key metric used by policymakers, analysts, and economists to assess the overall health and performance of the U.S. economy, which informs decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: The Quarterly, Seasonally Adjusted Annual Rate (SAAR) is closely monitored by the Federal Reserve and other government agencies to gauge the direction of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted Annual Rate (SAAR) data is released by the BEA on a regular schedule, with minimal update delays.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (WAPROBUSNQGSP), retrieved from FRED.