Nominal Total Credit to General Government, Adjusted for Breaks, for Hong Kong SAR
Billions of US Dollars
QHKGANUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
329.38
Year-over-Year Change
12.39%
Date Range
1/1/1999 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the value of US gross domestic product (GDP) in billions of US dollars. This key economic indicator is crucial for analyzing the overall size and growth 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' metric represents the total market value of all goods and services produced within the United States in a given period, expressed in billions of US dollars. It is a widely used benchmark for tracking economic performance and informing policy decisions.
Methodology
The data is calculated by the US Bureau of Economic Analysis based on comprehensive surveys and economic modeling.
Historical Context
This GDP measure is closely monitored by policymakers, investors, and analysts to assess the health and direction of the US economy.
Key Facts
- US GDP reached a record high of over $23 trillion in 2021.
- GDP growth averaged 2.3% annually from 2010-2019 before the COVID-19 pandemic.
- The US accounts for approximately one-fifth of global GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total market value of all final goods and services produced within the United States in a given time period, expressed in billions of US dollars.
Q: Why is this trend relevant for users or analysts?
A: This key metric of US economic output is closely watched by policymakers, businesses, and investors to assess the overall health and direction of the American economy.
Q: How is this data collected or calculated?
A: The data is calculated by the US Bureau of Economic Analysis based on comprehensive surveys and economic modeling.
Q: How is this trend used in economic policy?
A: US GDP data is a crucial input for policymakers at the Federal Reserve and in the federal government when making decisions about fiscal, monetary, and economic policies.
Q: Are there update delays or limitations?
A: The GDP data is typically released on a quarterly basis, with some lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QHKGANUSDA), retrieved from FRED.