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Thousands of U.S. Dollars

RTNPECFCA • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

24,658.00

Year-over-Year Change

-50.88%

Date Range

1/1/1999 - 1/1/2016

Summary

The 'Thousands of U.S. Dollars' trend measures the U.S. real net national product, which is a key indicator of economic output 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

This series represents the total value of goods and services produced in the U.S. economy, adjusted for inflation. It is a comprehensive measure of economic activity used by policymakers and analysts to assess the nation's economic performance.

Methodology

The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic surveys and national accounts.

Historical Context

Trends in real net national product help inform monetary and fiscal policy decisions.

Key Facts

  • The U.S. real net national product reached a record high in 2021.
  • This metric declined sharply during the 2008-2009 recession.
  • Growth in real net national product is a key goal of U.S. economic policy.

FAQs

Q: What does this economic trend measure?

A: The 'Thousands of U.S. Dollars' trend measures the total real value of goods and services produced in the U.S. economy, providing a comprehensive gauge of national economic output.

Q: Why is this trend relevant for users or analysts?

A: Trends in real net national product are closely monitored by policymakers, economists, and market participants as a key indicator of the overall health and growth of the U.S. economy.

Q: How is this data collected or calculated?

A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and national accounts.

Q: How is this trend used in economic policy?

A: Policymakers use real net national product data to help inform monetary and fiscal policy decisions aimed at promoting stable, sustainable economic growth.

Q: Are there update delays or limitations?

A: The data is published quarterly with a lag of several months, and may be subject to periodic revisions as more complete information becomes available.

Related Trends

Citation

U.S. Federal Reserve, Thousands of U.S. Dollars (RTNPECFCA), retrieved from FRED.