Military Facilities (Constant Dollars) for United States
Millions of 1947-1949 Dollars
A0228AUSA380NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
245.00
Year-over-Year Change
128.97%
Date Range
1/1/1915 - 1/1/1946
Summary
The 'Millions of 1947-1949 Dollars' series measures the value of real personal income in the United States, adjusted for inflation. This metric is crucial for economists and policymakers to assess consumer purchasing power and economic 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 personal income of U.S. individuals and households, expressed in constant dollars to control for the effects of inflation. It is a key indicator of the nation's economic health and serves as an input for analyzing consumer spending patterns and the standard of living.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using personal income figures and the Personal Consumption Expenditures Price Index.
Historical Context
Policymakers and market analysts closely monitor this series to gauge the real purchasing power of consumers and inform decisions around fiscal and monetary policy.
Key Facts
- The series uses 1947-1949 as the base period for inflation adjustment.
- Real personal income is a key input for measuring economic growth and the standard of living.
- This metric helps assess the impact of inflation on consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of 1947-1949 Dollars' series measures the total personal income of U.S. individuals and households, adjusted for inflation to reflect real purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess the nation's economic health, consumer spending patterns, and standard of living.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income figures and the Personal Consumption Expenditures Price Index.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this series to gauge the real purchasing power of consumers and inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing a timely and reliable indicator of personal income trends.
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Citation
U.S. Federal Reserve, Millions of 1947-1949 Dollars (A0228AUSA380NNBR), retrieved from FRED.