Millions of Chained 2017 Dollars, Quarterly
This dataset tracks millions of chained 2017 dollars, quarterly over time.
Latest Value
1557059.00
Year-over-Year Change
5.34%
Date Range
1/1/1997 - 1/1/2025
Summary
The 'Millions of Chained 2017 Dollars, Quarterly' series measures the total inflation-adjusted value of goods and services produced in the United States each quarter. It is a key indicator of overall economic activity and growth.
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
This series, also known as 'real GDP', represents the market value of the goods and services produced by labor and property located in the U.S. Economists and policymakers use it to assess the health and trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to account for inflation.
Historical Context
Real GDP is a vital metric for the Federal Reserve and other policymakers in setting monetary and fiscal policies.
Key Facts
- Real GDP grew 2.6% in 2022 Q4.
- The U.S. economy contracted 1.1% in 2022 Q1.
- Real GDP per capita was $55,789 in 2022 Q4.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Chained 2017 Dollars, Quarterly' series measures the total inflation-adjusted value of goods and services produced in the United States each quarter.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of overall economic activity and growth, and is closely monitored by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to account for inflation.
Q: How is this trend used in economic policy?
A: Real GDP is a vital metric for the Federal Reserve and other policymakers in setting monetary and fiscal policies to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay from the end of the quarter to allow for data collection and analysis.
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Citation
U.S. Federal Reserve, Millions of Chained 2017 Dollars, Quarterly (CQRMT), retrieved from FRED.