Thousands of U.S. Dollars
This dataset tracks thousands of u.s. dollars over time.
Latest Value
202033794.00
Year-over-Year Change
82.84%
Date Range
1/1/2003 - 1/1/2016
Summary
The 'Thousands of U.S. Dollars' trend measures the total value of final sales of domestic product in the United States. This metric is a key indicator of economic growth and consumer demand.
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 'Thousands of U.S. Dollars' series represents the total value of final sales of domestic product, which is a measure of the nation's economic output. It is a widely-used indicator for tracking the overall health and growth of the U.S. economy.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis based on a comprehensive survey of businesses and economic activity.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the performance and direction of the U.S. economy.
Key Facts
- The U.S. economy produced over $21 trillion in final sales in 2021.
- Final sales grew by 6.5% in 2021 compared to the prior year.
- Consumer spending accounts for over two-thirds of final sales in the U.S.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of U.S. Dollars' trend measures the total value of final sales of domestic product in the United States, which is a key indicator of overall economic output and consumer demand.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and market analysts to assess the performance and growth of the U.S. economy. It provides insight into consumer spending, business investment, and the overall health of domestic production.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys of businesses and economic activity.
Q: How is this trend used in economic policy?
A: Policymakers and central bankers closely monitor the 'Thousands of U.S. Dollars' trend to inform decisions around monetary policy, fiscal policy, and other economic interventions aimed at promoting growth and stability.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several weeks, so there may be a delay in reflecting the most current economic conditions. Additionally, the data is subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Thousands of U.S. Dollars (QLFDIVA), retrieved from FRED.