Nominal Total Credit to General Government, Adjusted for Breaks, for Saudi Arabia
Billions of US Dollars
QSAGANUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
324.25
Year-over-Year Change
29.63%
Date Range
10/1/1999 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the total value of all goods and services produced in the United States, a key indicator of economic health and growth.
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 broadest measure of a country's economic activity, representing the total monetary value of all final goods and services produced within a nation's borders over a given period. It is a widely-used metric for assessing the size and performance of a national economy.
Methodology
GDP data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses, governments, and households.
Historical Context
GDP growth is closely watched by policymakers, investors, and economists as it signals the overall state of the economy.
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.
- Consumer spending accounts for about 70% of U.S. 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, which is known as the country's Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a nation's economic health and performance. It is closely tracked by policymakers, businesses, and investors to gauge the overall state of the economy and inform decision-making.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects GDP data through surveys of businesses, governments, and households to determine the total value of economic activity.
Q: How is this trend used in economic policy?
A: Policymakers use GDP data to assess the state of the economy, inform monetary and fiscal policy decisions, and evaluate the effectiveness of economic programs and initiatives.
Q: Are there update delays or limitations?
A: GDP data is released quarterly by the Bureau of Economic Analysis, with an initial estimate followed by two revisions as more complete information becomes available. There can be a lag 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 (QSAGANUSDA), retrieved from FRED.