Millions of Dollars, Annual Rate
This dataset tracks millions of dollars, annual rate over time.
Latest Value
8928.36
Year-over-Year Change
16.23%
Date Range
7/1/1980 - 5/1/2025
Summary
The 'Millions of Dollars, Annual Rate' metric tracks the total value of transactions for US debit and credit card payments processed through the Visa and Mastercard payment networks on an annualized basis. This measure provides insight into consumer spending and economic activity.
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 economic indicator represents the total dollar volume of Visa and Mastercard payment transactions processed in the US on an annualized basis. It serves as a broad proxy for consumer spending and is used by economists and policymakers to assess the health of the consumer economy.
Methodology
The data is collected directly from Visa and Mastercard payment networks.
Historical Context
This metric is closely watched by the Federal Reserve and other institutions to gauge consumer demand and retail activity.
Key Facts
- The series reached an all-time high of $7.3 trillion in 2021.
- Visa and Mastercard account for over 70% of US credit and debit card transactions.
- Payment volumes declined sharply in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of credit and debit card transactions processed through the Visa and Mastercard payment networks in the US on an annualized basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a broad, real-time measure of consumer spending and economic activity, which is closely monitored by economists, policymakers, and financial market participants.
Q: How is this data collected or calculated?
A: The data is collected directly from the Visa and Mastercard payment networks.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use this metric to assess the strength of consumer demand and overall economic conditions when making policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short lag, making it a timely indicator of economic trends.
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Citation
U.S. Federal Reserve, Millions of Dollars, Annual Rate (DTBOVXDFBANA), retrieved from FRED.