Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Ireland
Billions of US Dollars
QIEPAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
829.40
Year-over-Year Change
-9.65%
Date Range
4/1/1971 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the total dollar value of goods and services produced in the United States. 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
This series represents the Gross Domestic Product (GDP) of the United States, which is the broadest measure of economic activity. GDP tracks the monetary value of all finished goods and services produced within a country's borders over a specific time period.
Methodology
The GDP data is calculated quarterly by the U.S. Bureau of Economic Analysis using a variety of surveys and economic indicators.
Historical Context
GDP is widely used by policymakers, analysts, and businesses to evaluate the health and direction of the national economy.
Key Facts
- GDP reached a record high of $23.9 trillion in Q4 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Consumer spending accounts for over two-thirds of GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total monetary value of all goods and services produced within the United States, known as Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a country's economic health and performance. It is widely tracked by policymakers, economists, investors, and businesses to gauge growth, inform decisions, and evaluate the overall direction of the national economy.
Q: How is this data collected or calculated?
A: The GDP data is calculated quarterly by the U.S. Bureau of Economic Analysis using a variety of surveys and economic indicators.
Q: How is this trend used in economic policy?
A: GDP data is a key input for policymakers at the Federal Reserve and other government agencies, who use it to assess the state of the economy and inform decisions on interest rates, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly, with an initial 'advance' estimate followed by two revisions in subsequent months. There can be lags of several weeks between the end of a quarter and the release of the GDP report.
Related Trends
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Ireland
CPGREN01IEA657N
Production: Energy: Electricity: Total for Ireland
IRLPRENEL01IXOBM
Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Ireland
SRVRPPIEM086NEST
Harmonized Index of Consumer Prices: Food for Ireland
CP0110IEM086NEST
Producer Prices Index: Total Nondurable Consumer Goods for Ireland
PITGND01IEM661N
Harmonized Index of Consumer Prices: Education for Ireland
CP1000IEM086NEST
Citation
U.S. Federal Reserve, Billions of US Dollars (QIEPAMUSDA), retrieved from FRED.