Quarterly
BPDBTF01DKQ636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,181,000,000.00
Year-over-Year Change
24.94%
Date Range
1/1/1988 - 4/1/2014
Summary
The Quarterly Gross Domestic Product (GDP) by Industry measures the economic output of various sectors in the United States on a quarterly basis. This metric is crucial for understanding the overall health and composition 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
The Quarterly GDP by Industry provides a detailed breakdown of GDP growth across different industries, including manufacturing, services, and more. Economists and policymakers use this data to analyze economic performance, identify emerging trends, and inform policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and other economic indicators.
Historical Context
This trend is widely used by government agencies, financial institutions, and economic analysts to assess the state of the U.S. economy and its underlying drivers.
Key Facts
- GDP grew by 2.9% in the fourth quarter of 2022.
- The service sector accounts for over 75% of U.S. GDP.
- Manufacturing output increased by 1.3% in the last quarter.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Gross Domestic Product (GDP) by Industry measures the economic output of various sectors in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the overall health and composition of the U.S. economy, as it provides a detailed breakdown of GDP growth across different industries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze economic performance, identify emerging trends, and inform policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly GDP by Industry data is released on a regular schedule by the BEA, with a typical delay of several weeks after the end of each quarter.
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Citation
U.S. Bureau of Economic Analysis, Quarterly Gross Domestic Product by Industry (BPDBTF01DKQ636N), retrieved from FRED.