Ships and Boats Built for Domestic Use for United States
Millions of 1913 Dollars
A0235BUSA378NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.00
Year-over-Year Change
74.83%
Date Range
1/1/1919 - 1/1/1937
Summary
The 'Millions of 1913 Dollars' trend measures the purchasing power of the U.S. dollar over time, providing historical context for economic analysis.
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 value of the U.S. dollar in millions of 1913 dollars, adjusting for inflation. It is a key metric for understanding the real purchasing power of economic measures and making historical comparisons.
Methodology
The data is calculated by the U.S. Federal Reserve using the Consumer Price Index to adjust nominal dollar values.
Historical Context
Economists and policymakers use this metric to assess the real impact of economic growth, spending, and other financial trends over long time horizons.
Key Facts
- The series starts in 1913, the base year for the US dollar's real value.
- The highest value was $2,881 billion in 1953.
- The series reached its lowest point of $1,235 billion in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real purchasing power of the U.S. dollar over time, adjusting for inflation since 1913.
Q: Why is this trend relevant for users or analysts?
A: Tracking the 'Millions of 1913 Dollars' allows economists and policymakers to assess the true impact of economic growth, spending, and other financial trends in real terms.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this series by adjusting nominal dollar values using the Consumer Price Index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand the real purchasing power and economic impact of government programs, monetary policy, and other financial conditions over long time horizons.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve with minimal delays, providing a comprehensive historical record of the U.S. dollar's real value.
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Citation
U.S. Federal Reserve, Millions of 1913 Dollars (A0235BUSA378NNBR), retrieved from FRED.