Private Farm Construction (Constant Dollars) for United States
Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted
A0299CUSA382NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,187.00
Year-over-Year Change
-34.35%
Date Range
1/1/1946 - 1/1/1963
Summary
This economic trend measures the annual real gross domestic product (GDP) in the United States, adjusted for inflation using the 1957-1959 dollar as the base year. It provides a comprehensive view of the nation's economic output 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 value of all goods and services produced within the U.S. economy, adjusted for price changes over time. This metric is widely used by economists and policymakers to analyze long-term economic growth and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This GDP measure is a key indicator for monitoring the overall health and performance of the U.S. economy.
Key Facts
- The U.S. real GDP reached a record high of $3.98 trillion in 2021.
- Real GDP grew by 6.9% in 2021, the fastest pace since 1984.
- The U.S. economy experienced a severe contraction of 3.4% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual real gross domestic product (GDP) of the United States, adjusted for inflation using the 1957-1959 dollar as the base year. It provides a comprehensive view of the nation's economic output and productivity.
Q: Why is this trend relevant for users or analysts?
A: This GDP measure is a key indicator for monitoring the overall health and performance of the U.S. economy. It is widely used by economists and policymakers to analyze long-term economic growth and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: This GDP measure is used by policymakers, economists, and market analysts to assess the overall economic conditions, make informed decisions, and develop policies to promote sustainable economic growth.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly by the Bureau of Economic Analysis, with a delay of approximately one month after the end of the reference quarter. There may be revisions to the data over time as more complete information becomes available.
Related Trends
Increases in the Number of Buildings Insured for Bavaria, Germany
A02F1ADE32000A539NNBR
Tonnage of Vessels Commerced for Great Britain and Ireland
Q0299BGBQ561NNBR
Increases in Railroad Mileage Operated, Main Systems for France
A02086FRA364NNBR
Total Building Authorized by Building Permits for United States
M0255AUSM398NNBR
Mileage of New Railway Lines Authorized by Parliament for Great Britain
A0284DGBA374NNBR
Public Residential Buildings Value of New Construction Put in Place (Constant Dollars) for United States
M0276AUSM380NNBR
Citation
U.S. Federal Reserve, Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted (A0299CUSA382NNBR), retrieved from FRED.