Nonfarm Building Construction (Constant Dollars) for United States
Millions of 1957-1959 Dollars, Monthly, Seasonally Adjusted
M0296BUSM382SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,451.00
Year-over-Year Change
6.52%
Date Range
1/1/1946 - 12/1/1963
Summary
This economic indicator measures the total value of all goods and services produced in the U.S. economy, adjusted for inflation, on a monthly basis. It is a key metric for tracking overall economic growth and health.
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 is the broadest measure of economic activity. It is adjusted for inflation to provide a more accurate picture of economic expansion or contraction over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Historical Context
Real GDP is closely monitored by policymakers, analysts, and investors to assess the strength of the U.S. economy.
Key Facts
- Real GDP has grown by an average of 3.1% annually since 1947.
- The U.S. economy experienced a severe recession in 2008-2009.
- Real GDP reached a record high in the fourth quarter of 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of all goods and services produced in the U.S. economy, adjusted for inflation, on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key metric for tracking overall economic growth and health, and is closely monitored by policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Q: How is this trend used in economic policy?
A: Real GDP is a crucial input for policymakers in assessing the strength of the U.S. economy and informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Economic Analysis, with a typical delay of approximately one month.
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Citation
U.S. Federal Reserve, Millions of 1957-1959 Dollars, Monthly, Seasonally Adjusted (M0296BUSM382SNBR), retrieved from FRED.