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Annual

XTEXVA01RUA188S • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

22.32

Year-over-Year Change

-13.91%

Date Range

1/1/2003 - 1/1/2020

Summary

The Annual trend measures the year-over-year change in real gross domestic product (GDP) for the United States. It is a key indicator of overall economic growth and 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

The Annual trend tracks the annual percent change in real GDP, providing a high-level view of the U.S. economy's expansion or contraction. It is widely used by economists, policymakers, and analysts to assess the nation's economic health and trajectory.

Methodology

The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.

Historical Context

The Annual trend informs economic and policy decisions at the federal, state, and local levels.

Key Facts

  • The U.S. economy grew by 2.3% in 2022.
  • Annual GDP growth averaged 2.3% from 2010 to 2019.
  • The COVID-19 pandemic caused a 3.4% decline in 2020 annual GDP.

FAQs

Q: What does this economic trend measure?

A: The Annual trend measures the year-over-year change in real gross domestic product (GDP) for the United States, providing a high-level indicator of overall economic growth and performance.

Q: Why is this trend relevant for users or analysts?

A: The Annual trend is a widely tracked and influential economic indicator used by policymakers, businesses, and analysts to assess the health and trajectory of the U.S. economy.

Q: How is this data collected or calculated?

A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.

Q: How is this trend used in economic policy?

A: The Annual trend informs economic and policy decisions at the federal, state, and local levels, as it provides a high-level snapshot of the nation's overall economic performance.

Q: Are there update delays or limitations?

A: The Annual trend data is subject to periodic revisions by the Bureau of Economic Analysis as more complete information becomes available.

Related Trends

Citation

U.S. Federal Reserve, Annual (XTEXVA01RUA188S), retrieved from FRED.