Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Brazil
Billions of US Dollars
QBRNAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,084.59
Year-over-Year Change
28.07%
Date Range
7/1/1994 - 10/1/2024
Summary
The 'Billions of US Dollars' economic trend measures the total value of US GDP in billions of US dollars. This metric is a key indicator of the overall size and health of the US 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
The 'Billions of US Dollars' trend represents the total nominal gross domestic product (GDP) of the United States, which is the market value of all final goods and services produced within the US in a given time period. It is one of the most widely tracked economic indicators globally.
Methodology
The data is calculated by the US Bureau of Economic Analysis using survey and administrative data sources.
Historical Context
GDP data is used by policymakers, analysts, and investors to assess the performance and trajectory of the US economy.
Key Facts
- US GDP reached a record high of over $23 trillion in 2021.
- The US has the largest GDP of any country in the world.
- GDP growth is a key target for US economic policy.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total nominal gross domestic product (GDP) of the United States, which represents the market value of all final goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of the overall size and health of the US economy, and is closely watched by policymakers, economists, and investors to assess economic performance and inform decision-making.
Q: How is this data collected or calculated?
A: The US Bureau of Economic Analysis calculates GDP using survey and administrative data sources.
Q: How is this trend used in economic policy?
A: GDP growth is a key policy target, and GDP data is used by the Federal Reserve and other government institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly by the Bureau of Economic Analysis, with an initial estimate followed by revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QBRNAMUSDA), retrieved from FRED.