Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Denmark
Billions of US Dollars
QDKNAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
520.30
Year-over-Year Change
5.29%
Date Range
10/1/1994 - 10/1/2024
Summary
The 'Billions of US Dollars' series measures the value of goods and services produced in the United States, serving as 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
This series represents the gross domestic product (GDP) of the United States, which is the total market value of all final goods and services produced within the country. GDP is a widely-used metric for tracking the overall health and size of a national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sector sources.
Historical Context
Economists and policymakers closely monitor GDP trends to inform decisions on monetary and fiscal policies.
Key Facts
- The U.S. GDP reached a record high of $23.9 trillion in 2021.
- GDP growth averaged 2.3% annually from 2010 to 2019.
- The COVID-19 pandemic caused a 3.4% contraction in U.S. GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' series measures the total value of goods and services produced within the United States, known as the Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of a country's economic health and performance, making this series highly relevant for economists, policymakers, and market analysts.
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 government and private sector sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor GDP trends to inform decisions on monetary and fiscal policies, such as interest rates and government spending.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QDKNAMUSDA), retrieved from FRED.