Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Australia
Percentage of GDP
QAUPAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173.00
Year-over-Year Change
-4.63%
Date Range
4/1/1960 - 10/1/2024
Summary
The Percentage of GDP trend measures the ratio of national output to total economic activity, providing insight into the overall size and growth of the U.S. economy.
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 metric represents the nation's Gross Domestic Product (GDP) as a percentage of total economic production. It is a key indicator used by economists and policymakers to assess the health and performance of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP estimates.
Historical Context
The Percentage of GDP trend is closely monitored for its implications on employment, inflation, and fiscal/monetary policy decisions.
Key Facts
- GDP accounts for over 20% of total U.S. economic activity.
- The Percentage of GDP has ranged from 16% to 24% over the past 50 years.
- Changes in GDP percentage can signal underlying shifts in the economy.
FAQs
Q: What does this economic trend measure?
A: The Percentage of GDP metric measures the ratio of the nation's Gross Domestic Product (GDP) to total economic output, providing insight into the overall size and growth of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This key indicator is closely monitored by economists and policymakers to assess the health and performance of the U.S. economy, with implications for employment, inflation, and fiscal/monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP estimates.
Q: How is this trend used in economic policy?
A: The Percentage of GDP trend is used by markets, economists, and government institutions to gauge the overall size and growth of the U.S. economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with some lag from the end of the reporting period.
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Citation
U.S. Federal Reserve, Percentage of GDP (QAUPAM770A), retrieved from FRED.