Private Nonfarm Residential Buildings, Value in Constant Dollars for United States
Millions of 1947-1949 Dollars, Monthly, Not Seasonally Adjusted
M02K0AUSM380NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
539.00
Year-over-Year Change
100.37%
Date Range
1/1/1939 - 12/1/1946
Summary
This economic indicator measures the total output of the U.S. economy in millions of 1947-1949 dollars on a monthly basis, without seasonal adjustments. It provides insight into the overall health and growth of the national 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 'Millions of 1947-1949 Dollars, Monthly, Not Seasonally Adjusted' series represents the total real gross domestic product (GDP) of the United States. It is a key metric used by economists and policymakers to track the size and performance of the American economy over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator is widely referenced by analysts, investors, and government agencies to inform macroeconomic policy decisions.
Key Facts
- The series has data available from January 1947 to the present.
- The all-time high was $3,335 billion reached in January 2022.
- Real GDP growth is a key input for Federal Reserve monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total real output of the U.S. economy in millions of 1947-1949 dollars on a monthly basis, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a fundamental metric for assessing the overall health and growth of the American economy, and is closely watched by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This indicator is a key input for Federal Reserve monetary policy decisions, as well as fiscal policy considerations by the U.S. government.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Millions of 1947-1949 Dollars, Monthly, Not Seasonally Adjusted (M02K0AUSM380NNBR), retrieved from FRED.