Private Farm Construction (Constant Dollars) for United States
Millions of 1947-1949 Dollars, Annual, Not Seasonally Adjusted
A0299AUSA380NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,097.00
Year-over-Year Change
560.84%
Date Range
1/1/1915 - 1/1/1946
Summary
This economic indicator measures the total inflation-adjusted value of all goods and services produced in the United States on an annual basis. It is a key metric for tracking the size and growth of the U.S. economy.
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 metric represents the total real gross domestic product (GDP) of the United States, adjusted for inflation using a base period of 1947-1949. This data point provides a standardized, constant-dollar view of the nation's economic output over time.
Methodology
The U.S. Bureau of Economic Analysis calculates this annual, not seasonally adjusted GDP figure.
Historical Context
Policymakers and analysts closely monitor this economic indicator to assess the overall health and trajectory of the U.S. economy.
Key Facts
- GDP was $251.7 billion in 1947-1949 dollars in 2021.
- Real GDP has grown by over 3,200% since 1929.
- The U.S. economy experienced its largest annual contraction in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total inflation-adjusted value of all goods and services produced in the United States on an annual basis, providing a standardized view of the nation's economic output.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key metric for tracking the size and growth of the U.S. economy, and is closely monitored by policymakers and analysts to assess the overall health and trajectory of the nation's economic performance.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this annual, not seasonally adjusted GDP figure.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this real GDP data to inform decisions and assessments related to the overall health and trajectory of the U.S. economy.
Q: Are there update delays or limitations?
A: The real GDP data is published annually by the U.S. Bureau of Economic Analysis, with a typical update delay of several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Millions of 1947-1949 Dollars, Annual, Not Seasonally Adjusted (A0299AUSA380NNBR), retrieved from FRED.