Total Credit to General Government, Adjusted for Breaks, for Denmark
Billions of US Dollars
QDKGAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.61
Year-over-Year Change
-29.29%
Date Range
1/1/1995 - 10/1/2024
Summary
This economic trend measures the total value of goods and services produced in the United States, expressed in billions of US dollars. It is a key indicator of economic growth and performance.
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 nominal Gross Domestic Product (GDP) of the United States. GDP is the broadest measure of economic activity and is widely used by policymakers, analysts, and investors to assess the health and trajectory of the US economy.
Methodology
The data is collected and calculated by the US Bureau of Economic Analysis using a variety of economic surveys and government records.
Historical Context
This GDP metric is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- US GDP reached a record high of $23.9 trillion in 2021.
- GDP growth in 2022 was 2.1%, indicating moderate economic expansion.
- Consumer spending accounts for nearly 70% of US GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all goods and services produced within the United States, which is the broadest indicator of economic output and growth.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial metric for assessing the overall health and performance of the US economy, and it informs important policy decisions by the Federal Reserve and other institutions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Bureau of Economic Analysis using a variety of economic surveys and government records.
Q: How is this trend used in economic policy?
A: The GDP metric is closely watched by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions that aim to promote economic growth and stability.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly with a delay of approximately one month, and it may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QDKGAMUSDA), retrieved from FRED.