Total New Construction, Value in Constant Dollars for United States
Millions of 1947-1949 Dollars, Monthly, Seasonally Adjusted
M02J7BUSM380SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,808.00
Year-over-Year Change
69.60%
Date Range
1/1/1939 - 12/1/1946
Summary
This economic trend measures the total value of goods and services produced in the U.S. economy, adjusted for inflation and seasonal variations. It is a widely-used indicator of overall economic activity 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 1947-1949 Dollars, Monthly, Seasonally Adjusted series represents real gross domestic product (GDP), which is the inflation-adjusted value of the goods and services produced within the United States. This comprehensive metric provides insight into the size and growth of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Historical Context
Real GDP is a key statistic monitored by policymakers, analysts, and markets to assess the state of the economy and inform economic and policy decisions.
Key Facts
- Real GDP reached a record high of $17.7 trillion in Q4 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Real GDP has grown at an average annual rate of 2.3% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Millions of 1947-1949 Dollars, Monthly, Seasonally Adjusted series measures the total value of goods and services produced in the U.S. economy, adjusted for inflation and seasonal variations. It is a comprehensive indicator of overall economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a widely-tracked metric that provides insight into the size and health of the U.S. economy. It is closely monitored by policymakers, economists, and market participants to assess economic conditions and inform decisions.
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.
Q: How is this trend used in economic policy?
A: Real GDP is a key statistic used by policymakers, such as the Federal Reserve, to evaluate the state of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The real GDP data is released on a monthly basis, with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Millions of 1947-1949 Dollars, Monthly, Seasonally Adjusted (M02J7BUSM380SNBR), retrieved from FRED.