Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in the District of Columbia
Quarterly, Seasonally Adjusted
DCACCOMDQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.22
Year-over-Year Change
20.05%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the value of total credit card and other revolving plan account balances outstanding. This metric is a key indicator of consumer spending and credit market conditions.
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 data series tracks the total balances on credit cards and other revolving consumer credit plans, providing insights into household borrowing and consumption patterns. Economists and policymakers use this information to assess the strength of consumer demand and financial health.
Methodology
The data is collected and reported quarterly by the U.S. Federal Reserve.
Historical Context
Trends in revolving credit balances offer valuable context for interpreting consumer spending, inflation, and monetary policy decisions.
Key Facts
- Credit card balances reached a record high of $930 billion in 2019.
- Revolving credit declined sharply during the COVID-19 pandemic.
- Consumers have steadily increased credit card usage since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total outstanding balances on credit cards and other revolving consumer credit plans.
Q: Why is this trend relevant for users or analysts?
A: Trends in revolving credit provide insights into consumer spending patterns and financial health, which are crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Revolving credit data offers valuable context for interpreting consumer spending, inflation, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (DCACCOMDQQGSP), retrieved from FRED.