Private Commercial, Industrial, and Public Utility Construction (Constant Dollars) for United States
Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted
A0267CUSA382NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,482.00
Year-over-Year Change
27.45%
Date Range
1/1/1946 - 1/1/1963
Summary
This economic trend measures the total value of goods and services produced in the U.S. economy, adjusted for inflation, on an annual basis. It is a key indicator of overall economic activity 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
The 'Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted' trend represents real Gross Domestic Product (GDP), which adjusts the total value of economic output for changes in prices over time. This inflation-adjusted GDP figure is a widely-used barometer of the nation's economic health and productivity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Historical Context
Real GDP is closely monitored by policymakers, analysts, and economists to assess the performance and trajectory of the overall economy.
Key Facts
- GDP reached a record high of $17.7 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Real GDP growth averaged 2.3% annually from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in the U.S. economy, adjusted for inflation, on an annual basis. It is a key indicator of overall economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a widely-used barometer of the nation's economic health and productivity, closely monitored by policymakers, analysts, and economists to assess the performance and trajectory of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Q: How is this trend used in economic policy?
A: Real GDP is closely monitored by policymakers to assess the overall performance and trajectory of the economy, which informs decision-making on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted (A0267CUSA382NNBR), retrieved from FRED.