Real Statistical Discrepancy for Russia
Quarterly
NSDGDPRNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,956.70
Year-over-Year Change
-60.44%
Date Range
1/1/2011 - 1/1/2025
Summary
The Quarterly Gross Domestic Product (GDP) Revision measures the updated estimate of the total value of goods and services produced in the U.S. economy during a given quarter. This key economic indicator is closely watched by 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 Quarterly GDP Revision reflects the Bureau of Economic Analysis' updated assessment of the previous quarter's economic output, incorporating newly available data. This revised figure replaces the initial 'advance' GDP estimate and provides a more accurate picture of economic performance.
Methodology
The data is calculated based on comprehensive surveys and economic indicators collected by the U.S. government.
Historical Context
The Quarterly GDP Revision is a vital input for monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Key Facts
- The GDP Revision is released approximately one month after the initial 'advance' GDP estimate.
- The revision can show significant changes from the preliminary GDP figure.
- Quarterly GDP data is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly GDP Revision measures the updated estimate of the total economic output in the United States for the previous quarter.
Q: Why is this trend relevant for users or analysts?
A: This revised GDP figure provides a more accurate picture of the economy's performance, which is crucial for policymakers, businesses, and investors in their decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis based on comprehensive surveys and economic indicators collected by the U.S. government.
Q: How is this trend used in economic policy?
A: The Quarterly GDP Revision is a vital input for monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Q: Are there update delays or limitations?
A: The GDP Revision is released approximately one month after the initial 'advance' GDP estimate, and the revision can show significant changes from the preliminary figure.
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) Revision (NSDGDPRNSAXDCRUQ), retrieved from FRED.