Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks, for United States
Billions of US Dollars
QUSHAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,195.46
Year-over-Year Change
10.88%
Date Range
10/1/1945 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the total value of goods and services produced in the United States, adjusted for inflation. It is a widely used indicator of overall economic activity 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
The 'Billions of US Dollars' metric represents the US Gross Domestic Product (GDP) in real, chained 2012 dollars. GDP is the broadest measure of economic output and a key barometer for policymakers and analysts assessing the nation's economic health.
Methodology
The data is calculated by the US Bureau of Economic Analysis using a chain-type index to adjust for price changes.
Historical Context
GDP growth is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- US GDP reached a record high of $23.9 trillion in 2022.
- GDP contracted in the first half of 2022 before rebounding in the third quarter.
- The US economy has grown at an average annual rate of 2.3% since 2010.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total market value of all goods and services produced within the United States, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: GDP is a comprehensive indicator of overall economic activity and a key metric used by policymakers, analysts, and businesses to assess the nation's economic performance and growth.
Q: How is this data collected or calculated?
A: The data is calculated by the US Bureau of Economic Analysis using a chain-type index to adjust for price changes.
Q: How is this trend used in economic policy?
A: GDP growth is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions aimed at promoting economic stability and prosperity.
Q: Are there update delays or limitations?
A: The GDP data is released on a quarterly basis, with an initial estimate followed by two revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QUSHAMUSDA), retrieved from FRED.