Total New Construction, Value in Constant Dollars for United States
Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted
A0267DUSA382NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,110.00
Year-over-Year Change
34.07%
Date Range
1/1/1946 - 1/1/1963
Summary
This economic trend measures the total value of all goods and services produced in the United States, adjusted for inflation and expressed in millions of 1957-1959 dollars. It provides a broad indicator of the 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 most comprehensive measure of overall economic activity. This inflation-adjusted GDP figure represents the total market value of all final goods and services produced within the United States in a given year, providing insight into the country's economic growth and performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts closely monitor GDP trends to inform economic and monetary policy decisions.
Key Facts
- The U.S. GDP reached a record high of $2.3 trillion in 1959.
- GDP growth in the United States averaged 3.13% from 1947 to 2022.
- GDP is a key indicator used by the Federal Reserve to set monetary policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced in the United States, adjusted for inflation and expressed in millions of 1957-1959 dollars.
Q: Why is this trend relevant for users or analysts?
A: GDP is the most comprehensive measure of overall economic activity and provides key insights into the size and health of the U.S. economy, making it a crucial indicator for 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.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor GDP trends to inform economic and monetary policy decisions, as it is a key indicator used by the Federal Reserve to set monetary policy.
Q: Are there update delays or limitations?
A: The GDP data is released on a quarterly basis, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Millions of 1957-1959 Dollars, Annual, Not Seasonally Adjusted (A0267DUSA382NNBR), retrieved from FRED.