Private New Construction Activity, Commercial Buildings, Value in Constant Dollars for United States
Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted
A0288CUSA382NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,468.00
Year-over-Year Change
130.79%
Date Range
1/1/1946 - 1/1/1963
Summary
This economic trend measures the annual real output of the U.S. economy in millions of 1957-1959 dollars, providing a long-term view of economic growth 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
The 'Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted' series represents the total inflation-adjusted value of all goods and services produced in the United States each year. It is a key measure of economic performance used by policymakers and analysts to evaluate the country's economic health and growth over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Historical Context
This long-running economic indicator is closely watched by the Federal Reserve, Congress, and private sector economists to inform fiscal and monetary policy decisions.
Key Facts
- The series began in 1929 and provides over 90 years of historical data.
- Real GDP grew by 2.3% in 2021 after contracting 3.4% in 2020 due to the COVID-19 pandemic.
- The U.S. economy reached a new all-time high in real GDP in 2021, surpassing the previous peak set in 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total inflation-adjusted value of all goods and services produced in the United States each year, providing a comprehensive view of economic output and growth.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of economic health and performance, used by policymakers, businesses, and economists to assess the country's economic growth, productivity, and living standards.
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 records.
Q: How is this trend used in economic policy?
A: This long-running economic indicator is closely watched by the Federal Reserve, Congress, and private sector economists to inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of a few months, providing a comprehensive but timely view of the U.S. economy's performance.
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Citation
U.S. Federal Reserve, Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted (A0288CUSA382NNBR), retrieved from FRED.