Public Construction (Constant Dollars) for United States
Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted
A02194USA382NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,151.00
Year-over-Year Change
53.01%
Date Range
1/1/1946 - 1/1/1963
Summary
This economic trend measures the total output of goods and services in the United States, adjusted for inflation, providing insight into the nation's economic performance and growth.
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 'Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted' series represents the real gross domestic product (GDP) of the United States, a key indicator of economic health and productivity used by policymakers, analysts, and investors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic surveys and government data.
Historical Context
Real GDP is a crucial metric for evaluating the state of the economy and informing economic policy decisions.
Key Facts
- The U.S. real GDP reached a record high of $18.8 trillion in 2021.
- Real GDP grew by 6.9% in 2021, the fastest pace since 1984.
- The COVID-19 pandemic caused a 3.4% decline in real GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output of goods and services produced in the United States, adjusted for inflation, providing a comprehensive view of the nation's economic performance and growth.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator of economic health and a key metric used by policymakers, economists, and investors to evaluate the state of the economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic surveys and government data.
Q: How is this trend used in economic policy?
A: Real GDP is a fundamental measure used by the Federal Reserve, government agencies, and other institutions to assess the overall performance of the U.S. economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The real GDP data is typically published on a quarterly basis, with some delay, and may be subject to revisions as more comprehensive information becomes available.
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Citation
U.S. Federal Reserve, Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted (A02194USA382NNBR), retrieved from FRED.