Public New Construction Expenditures, Nonresidential, Value in Constant Prices for United States
Millions of 1957-1959 Dollars, Annual
A0280BUSA382SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,856.00
Year-over-Year Change
9.84%
Date Range
1/1/1946 - 1/1/1963
Summary
This economic trend measures the total value of goods and services produced in the United States, adjusted for inflation, on an annual basis. It is a key indicator of the nation's economic health and productivity.
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
Gross Domestic Product (GDP) in constant 1957-1959 dollars is a measure of the total market value of all final goods and services produced within the United States in a given year. It is a widely-used metric for tracking long-term economic growth and assessing the overall performance of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Historical Context
GDP in constant dollars is closely monitored by policymakers, economists, and investors to inform economic and financial decision-making.
Key Facts
- GDP in 1957-1959 dollars reached a record high of $3.77 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Real GDP growth averaged 2.3% per year from 2010 to 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in the United States, adjusted for inflation, on an annual basis. It is a key indicator of the nation's economic health and productivity.
Q: Why is this trend relevant for users or analysts?
A: GDP in constant dollars is a widely-used metric for tracking long-term economic growth and assessing the overall performance of the U.S. economy. It is closely monitored by policymakers, economists, and investors to inform economic and financial 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 based on surveys and economic indicators.
Q: How is this trend used in economic policy?
A: GDP in constant dollars is a key metric used by policymakers, economists, and investors to assess the health and performance of the U.S. economy, and to inform economic and financial decision-making.
Q: Are there update delays or limitations?
A: The data is published annually by the U.S. Bureau of Economic Analysis, with a typical release lag of several months following the end of the reference year.
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Citation
U.S. Federal Reserve, Millions of 1957-1959 Dollars, Annual (A0280BUSA382SNBR), retrieved from FRED.