Average Wagon Load for Great Britain
Quarterly, Seasonally Adjusted
Q03077GBQ464SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.09
Year-over-Year Change
6.73%
Date Range
1/1/1944 - 10/1/1952
Summary
This quarterly, seasonally adjusted economic trend measures the total gross domestic product (GDP) for the United States, providing a comprehensive indicator of the country's overall economic performance.
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 widely used measure of a nation's economic activity, representing the total value of all goods and services produced within a country's borders over a specific period. This seasonally adjusted GDP figure is a key metric for analyzing the health and direction of the U.S. economy.
Methodology
The GDP data is calculated by the U.S. Bureau of Economic Analysis using information from various economic surveys and government sources.
Historical Context
Policymakers, analysts, and investors closely monitor GDP trends to gauge the strength of the economy and inform decisions.
Key Facts
- GDP grew by 2.9% in 2022.
- The U.S. economy contracted in the first half of 2022.
- GDP is a comprehensive measure of economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross domestic product (GDP) for the United States, which is the broadest indicator of the country's overall economic performance.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial metric used by policymakers, economists, and investors to assess the health and direction of the U.S. economy, informing decisions and policies.
Q: How is this data collected or calculated?
A: The GDP data is calculated by the U.S. Bureau of Economic Analysis using information from various economic surveys and government sources.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor GDP trends to gauge the strength of the economy and inform decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly, with an initial estimate followed by revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (Q03077GBQ464SNBR), retrieved from FRED.