Value of Plans for Residential Building, Manhattan for New York, NY
Millions of Current Dollars, Annual, Not Seasonally Adjusted
A0253BUS35620A398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.70
Year-over-Year Change
3385.00%
Date Range
1/1/1902 - 1/1/1944
Summary
This economic trend measures the total value of goods and services produced in the United States annually, without seasonal adjustments. It is a key indicator of the overall size and health of the U.S. economy.
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
Gross Domestic Product (GDP) is the broadest measure of economic activity in the United States. It represents the total market value of all final goods and services produced within the country over a given time period. GDP is widely used by policymakers, analysts, and economists to assess the performance and trajectory of the national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic indicators.
Historical Context
GDP figures are closely watched by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Key Facts
- GDP reached a record high of over $23 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- GDP growth has averaged around 2-3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total market value of all final goods and services produced within the United States over a given year, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: GDP is the broadest measure of economic activity and a key indicator of the overall size and health of the U.S. economy. It is closely watched by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: GDP figures are closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the release of GDP data as the Bureau of Economic Analysis compiles and verifies the figures.
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Citation
U.S. Federal Reserve, Millions of Current Dollars, Annual, Not Seasonally Adjusted (A0253BUS35620A398NNBR), retrieved from FRED.