Private Construction (Constant Dollars) for United States
Millions of 1957-1959 Dollars, Monthly, Seasonally Adjusted
M0269BUSM382SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,353.00
Year-over-Year Change
5.42%
Date Range
1/1/1946 - 12/1/1963
Summary
This economic trend measures the total value of goods and services produced in the United States, adjusted for inflation. It is a key indicator of economic growth and a central focus for policymakers and analysts.
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, Monthly, Seasonally Adjusted series represents real gross domestic product (GDP), which quantifies the inflation-adjusted market value of all final goods and services produced within the United States in a given time period. This metric provides insight into the overall health and trajectory of the American economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and government records.
Historical Context
Real GDP is widely used by economists, policymakers, and market participants to assess economic performance and inform decisions.
Key Facts
- Real GDP reached a record high of $17.7 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Real GDP growth averaged 2.3% per year from 2010 to 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in the United States, adjusted for inflation. It represents real gross domestic product (GDP), a key indicator of economic growth and performance.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a widely-used metric that provides insight into the overall health and trajectory of the American economy. It is closely monitored by policymakers, economists, and market participants to inform decisions and assess economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and government records.
Q: How is this trend used in economic policy?
A: Real GDP is a central focus for policymakers, who use it to evaluate the state of the economy and inform decisions on fiscal and monetary policy. It is a key input for the Federal Reserve's policy decisions and a crucial metric for assessing the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The real GDP data is typically released on a monthly basis with a lag of several weeks. There may be revisions to previous estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Millions of 1957-1959 Dollars, Monthly, Seasonally Adjusted (M0269BUSM382SNBR), retrieved from FRED.