Nominal Total Credit to General Government, Adjusted for Breaks, for Russia
Billions of US Dollars
QRUGANUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
446.75
Year-over-Year Change
38.46%
Date Range
10/1/1997 - 10/1/2024
Summary
The 'Billions of US Dollars' economic trend measures the value of U.S. gross domestic product (GDP) in billions of current U.S. dollars. This metric is a key indicator of the overall size and growth of the American 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
Gross domestic product (GDP) is the total monetary value of all finished goods and services produced within a country's borders in a specific time period. The 'Billions of US Dollars' series expresses the U.S. GDP figure in current dollar terms, providing a measure of the economic output and size of the world's largest economy.
Methodology
The GDP data is calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
GDP and its growth rate are closely watched by policymakers, economists, and market participants as a broad indicator of economic health and performance.
Key Facts
- The U.S. GDP was $23.99 trillion in 2021.
- GDP grew by 6.9% in Q4 2021 compared to the previous quarter.
- The U.S. has the largest GDP in the world.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total value of goods and services produced in the United States, expressed in current U.S. dollar terms.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of economic performance and size, closely watched by policymakers, businesses, and investors to assess the health and growth of the U.S. economy.
Q: How is this data collected or calculated?
A: The GDP data is calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: GDP growth and levels are used by the Federal Reserve, Congress, and other policymakers to guide monetary and fiscal policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly by the Bureau of Economic Analysis, with an initial estimate followed by revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QRUGANUSDA), retrieved from FRED.