Private New Construction Activity, Commercial Buildings, Value in Constant Dollars for United States
Millions of 1947-1949 Dollars, Annual, Not Seasonally Adjusted
A0288AUSA380NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,624.00
Year-over-Year Change
256.92%
Date Range
1/1/1920 - 1/1/1946
Summary
This economic trend measures the total output of goods and services in the United States, adjusted for inflation, on an annual basis. It provides a comprehensive gauge of the nation's economic 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 Millions of 1947-1949 Dollars, Annual, Not Seasonally Adjusted metric represents the real gross domestic product (GDP) of the United States, with the dollar amounts expressed in constant 1947-1949 terms. This allows for analysis of economic growth over time without the distorting effects of inflation.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Historical Context
This series is a key measure used by policymakers, analysts, and investors to assess the health and trajectory of the U.S. economy.
Key Facts
- This data series dates back to 1929.
- The U.S. reached its highest annual real GDP in 2021.
- Real GDP growth is a primary goal of economic policy.
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, on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a comprehensive indicator of economic performance and a key metric used by policymakers, economists, and investors to assess the health and growth 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 based on surveys and economic indicators.
Q: How is this trend used in economic policy?
A: This real GDP series is a primary measure used by the Federal Reserve, Congress, and other policymakers to evaluate the state of the economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Millions of 1947-1949 Dollars, Annual, Not Seasonally Adjusted (A0288AUSA380NNBR), retrieved from FRED.