National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for United States
USAGDPDEFQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.15
Year-over-Year Change
16.32%
Date Range
1/1/1960 - 7/1/2023
Summary
The GDP Deflator for the United States measures the rate of inflation in the overall economy. It is a key economic indicator used by policymakers and analysts to assess price changes.
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 GDP Deflator is a comprehensive measure of the prices of all goods and services that make up GDP. It captures inflation across the entire economy, unlike more targeted measures like the Consumer Price Index (CPI).
Methodology
The GDP Deflator is calculated by dividing nominal GDP by real GDP.
Historical Context
The GDP Deflator provides important context for interpreting economic growth and is used to adjust GDP figures for inflation.
Key Facts
- The GDP Deflator covers a broader range of goods and services than the CPI.
- It measures the average change in prices for all domestic economic activity.
- The GDP Deflator is used to convert nominal GDP to real GDP.
FAQs
Q: What does this economic trend measure?
A: The GDP Deflator measures the overall rate of inflation in the United States economy. It captures price changes for all goods and services that make up GDP.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is a key indicator used by policymakers, economists, and analysts to assess the true rate of economic growth by adjusting nominal GDP figures for inflation.
Q: How is this data collected or calculated?
A: The GDP Deflator is calculated by dividing nominal GDP by real GDP.
Q: How is this trend used in economic policy?
A: The GDP Deflator provides important context for interpreting economic growth and is used by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP Deflator data is released quarterly by the U.S. Bureau of Economic Analysis, with a lag of several weeks.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for United States (USAGDPDEFQISMEI), retrieved from FRED.