Private Nonfarm Nonresidential Building (Constant Dollars) for United States
Millions of 1947-1949 Dollars, Annual, Not Seasonally Adjusted
A0284AUSA380NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,512.00
Year-over-Year Change
273.82%
Date Range
1/1/1915 - 1/1/1946
Summary
This economic trend measures the value of gross national product (GNP) in the United States, adjusted for inflation, on an annual basis without seasonal adjustments. It provides insight into the real growth and productivity of the U.S. economy over time.
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 national product (GNP) is a key macroeconomic indicator that measures the total market value of all goods and services produced by U.S. citizens, regardless of location. Adjusting GNP for inflation allows economists to analyze real economic growth over time, shedding light on productivity, consumer demand, and other important factors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic models.
Historical Context
Policymakers and analysts closely monitor this inflation-adjusted GNP trend to gauge the overall health and trajectory of the U.S. economy.
Key Facts
- The U.S. GNP reached its highest level in 2021 at $17.7 trillion.
- Real GNP grew by 6.9% in 2021, the fastest annual pace since 1984.
- The U.S. economy has experienced positive real GNP growth in 70% of years since 1947.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced by U.S. citizens, adjusted for inflation, on an annual basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This inflation-adjusted GNP trend provides important insights into the real growth and productivity of the U.S. economy, which is crucial for policymakers, businesses, and investors.
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 comprehensive surveys and economic models.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this GNP trend to gauge the overall health and trajectory of the U.S. economy, which informs decision-making on fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the availability of the latest annual data, and the trend does not account for seasonal fluctuations in economic activity.
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Citation
U.S. Federal Reserve, Millions of 1947-1949 Dollars, Annual, Not Seasonally Adjusted (A0284AUSA380NNBR), retrieved from FRED.