Private Nonfarm Nonresidential Building (Constant Dollars) for United States
Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted
A0284CUSA382NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,476.00
Year-over-Year Change
57.75%
Date Range
1/1/1946 - 1/1/1963
Summary
This economic trend measures the value of gross domestic product (GDP) in the United States, adjusted for inflation using 1957-1959 as the base years. It provides a long-term view of economic growth and is a key indicator used by policymakers and analysts.
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 tracks the real GDP of the U.S. economy, which is the total value of all goods and services produced adjusted for price changes. This inflation-adjusted metric allows for meaningful comparisons of economic activity over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This GDP trend is widely used to analyze the overall health and performance of the U.S. economy by government, businesses, and financial markets.
Key Facts
- GDP in 1957-1959 dollars was $2.5 trillion in 2021.
- Real GDP has grown by over 2,400% since 1929.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the United States economy, providing a long-term view of economic growth and output.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of economic health and performance, used extensively by policymakers, businesses, and financial markets to assess the overall state 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 established national accounting principles.
Q: How is this trend used in economic policy?
A: Real GDP growth is a critical input for Federal Reserve monetary policy decisions and is closely monitored by government economists and analysts to assess the broader economic climate.
Q: Are there update delays or limitations?
A: The real GDP data is released quarterly with a several-week delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted (A0284CUSA382NNBR), retrieved from FRED.