Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Turkey
Percentage of GDP
QTRPAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.20
Year-over-Year Change
-45.16%
Date Range
1/1/1986 - 10/1/2024
Summary
The Percentage of GDP trend measures the ratio of personal income to total gross domestic product (GDP) in the United States. This key economic indicator provides insights into household consumption and saving patterns.
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 Percentage of GDP trend represents the share of total economic output that is attributed to personal income, including wages, salaries, dividends, and other sources of household revenue. Economists closely monitor this metric to better understand consumer behavior and its impact on broader economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national income and product accounts (NIPA) methodologies.
Historical Context
Policymakers and market analysts use the Percentage of GDP trend to gauge the financial health of households and assess the potential for consumer-driven economic growth.
Key Facts
- The Percentage of GDP reached a high of 84.7% in Q4 2020.
- Personal income makes up a larger share of GDP during economic downturns.
- This metric has remained relatively stable over the past decade, ranging from 81-84%.
FAQs
Q: What does this economic trend measure?
A: The Percentage of GDP trend measures the ratio of personal income to total gross domestic product (GDP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into household consumption and saving patterns, which are key drivers of economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national income and product accounts (NIPA) methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use the Percentage of GDP trend to gauge the financial health of households and assess the potential for consumer-driven economic growth.
Q: Are there update delays or limitations?
A: The Percentage of GDP data is typically released on a quarterly basis with minimal delays.
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Citation
U.S. Federal Reserve, Percentage of GDP (QTRPAM770A), retrieved from FRED.