Real GDP at Constant National Prices for United States
RGDPNAUSA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,563,592.00
Year-over-Year Change
22.18%
Date Range
1/1/1950 - 1/1/2019
Summary
The Real GDP at Constant National Prices for the United States measures the total value of all goods and services produced in the U.S. economy, adjusted for inflation. It is a key indicator of economic growth and a vital metric for policymakers and analysts.
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
This series represents the real, inflation-adjusted gross domestic product (GDP) for the United States, providing a comprehensive measure of overall economic activity. It is a widely-used benchmark for assessing the health and performance of the U.S. economy over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to account for price changes.
Historical Context
Real GDP is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- Real GDP has grown by an average of 2.3% annually since 1990.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Real GDP per capita is a common measure of living standards.
FAQs
Q: What does this economic trend measure?
A: The Real GDP at Constant National Prices for the United States measures the total value of all goods and services produced in the U.S. economy, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator of economic growth and performance, providing vital information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to account for price changes.
Q: How is this trend used in economic policy?
A: Real GDP is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions that aim to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with some lag from the end of the reporting period.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for United States (RGDPNAUSA666NRUG), retrieved from FRED.