Real Gross Domestic Product: Construction (23) in Florida
Annual, Not Seasonally Adjusted
FLCONSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,262.60
Year-over-Year Change
81.84%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures total construction spending in the United States, including both public and private sector projects. This metric is a key indicator of economic activity and investment.
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 'Annual, Not Seasonally Adjusted' construction spending figure represents the total value of all construction work done in the U.S. during the calendar year, without adjusting for seasonal variation. It provides a comprehensive view of construction activity across the economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of construction companies and government agencies.
Historical Context
Construction spending trends are closely monitored by economists, policymakers, and market analysts to assess the health of the broader economy.
Key Facts
- Total U.S. construction spending reached over $1.8 trillion in 2021.
- Residential construction accounts for around 60% of total spending.
- Construction is a key driver of GDP growth and employment.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total value of all construction projects completed in the United States over a calendar year.
Q: Why is this trend relevant for users or analysts?
A: Construction spending is a vital indicator of economic activity and investment, providing insights into the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on surveys of construction companies and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor construction spending trends to assess the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' construction spending data is released with a lag, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (FLCONSTRGSP), retrieved from FRED.