Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Spain
Billions of US Dollars
QESPAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,050.07
Year-over-Year Change
-7.96%
Date Range
1/1/1970 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the total value of goods and services produced in the United States. It is a key indicator of economic health 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 Gross Domestic Product (GDP) of the United States, which is the total monetary value of all final goods and services produced within a country's borders over a specific time period. GDP is widely used by economists and policymakers to assess the overall size and performance of a national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Historical Context
GDP is a fundamental statistic for tracking economic trends and informing fiscal and monetary policy decisions.
Key Facts
- GDP reached a record high of $23.9 trillion in 2021.
- The U.S. GDP contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Services account for over two-thirds of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total market value of all final goods and services produced within the United States over a given time period, known as the Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of economic performance and health, providing valuable insights for policymakers, businesses, and the public.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys, economic records, and other statistical sources.
Q: How is this trend used in economic policy?
A: GDP is a key metric used by the Federal Reserve, Congress, and other institutions to inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly with a short lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QESPAMUSDA), retrieved from FRED.