Total Credit to General Government, Adjusted for Breaks, for Israel
Billions of US Dollars
QILGAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
380.72
Year-over-Year Change
-0.56%
Date Range
10/1/1999 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the total value of goods and services produced in the U.S. economy. It is a widely-used 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 economic indicator, also known as Gross Domestic Product (GDP), represents the total monetary value of all final goods and services produced within a country's borders over a specific time period. It is a comprehensive measure of a nation's economic activity and is closely monitored by policymakers, analysts, and businesses.
Methodology
The U.S. Bureau of Economic Analysis calculates GDP by summing consumer spending, business investment, government spending, and net exports.
Historical Context
GDP growth is a key factor in setting monetary and fiscal policies, and analysts use it to assess the overall health of the economy.
Key Facts
- The U.S. GDP was $23.99 trillion in 2021.
- GDP grew by 6.9% in Q4 2021, the fastest pace since 1984.
- The U.S. accounts for over a fifth of global GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total monetary value of all final goods and services produced within the United States over a given time period, known as Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a comprehensive indicator of a nation's economic health and performance. It is closely monitored by policymakers, economists, and businesses to assess growth, make informed decisions, and set appropriate monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates GDP by summing consumer spending, business investment, government spending, and net exports.
Q: How is this trend used in economic policy?
A: GDP growth is a key factor in setting monetary and fiscal policies. Analysts and policymakers use GDP data to evaluate the overall health of the economy and make informed decisions about interest rates, government spending, and other economic interventions.
Q: Are there update delays or limitations?
A: GDP data is released quarterly by the Bureau of Economic Analysis, with an initial 'advance' estimate followed by two subsequent revisions as more complete information becomes available. There can be a delay of several weeks between the end of a quarter and the release of the GDP report.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QILGAMUSDA), retrieved from FRED.