Railroad Expenditures on Maintenance of Way and Structures for United States
Millions of Current Dollars, Annual, Not Seasonally Adjusted
A02F4CUSA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
421.50
Year-over-Year Change
61.31%
Date Range
1/1/1888 - 1/1/1916
Summary
This economic trend measures the total annual value of goods and services produced in the United States, expressed in millions of current U.S. dollars. It provides a high-level overview of the size and growth of the domestic 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 primary measure of economic activity and production in a country. This annual, not seasonally adjusted series represents the total dollar value of all final goods and services produced within the United States over a given year, before adjusting for inflation.
Methodology
The U.S. Bureau of Economic Analysis (BEA) calculates GDP based on data from a variety of government and private sources.
Historical Context
GDP is a crucial indicator used by policymakers, analysts, and markets to assess the health and trajectory of the national economy.
Key Facts
- GDP in the U.S. reached a record high of over $23 trillion in 2021.
- The U.S. has the largest GDP of any country in the world.
- GDP is a comprehensive measure of a country's economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual value of goods and services produced in the United States, expressed in millions of current U.S. dollars. It provides a high-level overview of the size and growth of the domestic economy.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator used by policymakers, analysts, and markets to assess the health and trajectory of the national economy. It is the primary measure of economic activity and production in a country.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis (BEA) calculates GDP based on data from a variety of government and private sources.
Q: How is this trend used in economic policy?
A: GDP is used by policymakers, economists, and institutions to inform decisions and policies related to economic growth, employment, inflation, and other key indicators.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly by the BEA, with an initial estimate followed by revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Millions of Current Dollars, Annual, Not Seasonally Adjusted (A02F4CUSA398NNBR), retrieved from FRED.