Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Austria
Billions of US Dollars
QATPBMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
412.41
Year-over-Year Change
-1.97%
Date Range
4/1/1974 - 10/1/2024
Summary
The 'Billions of US Dollars' economic trend measures the total value of goods and services produced in the United States, a key indicator of economic growth and 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 broadest measure of a country's economic activity, representing the total monetary value of all final goods and services produced within a country's borders over a specific time period. It is a widely-used metric for evaluating the health and growth of a national economy.
Methodology
GDP data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys, tax records, and other economic indicators.
Historical Context
GDP figures are closely monitored by policymakers, analysts, and businesses to inform economic and financial decision-making.
Key Facts
- The U.S. GDP was over $23 trillion in 2021.
- GDP growth is a primary goal of economic policy.
- GDP is a leading indicator of a country's economic health.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total value of goods and services produced in the United States, known as the Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a country's economic performance and growth, making it highly relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The GDP data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys, tax records, and other economic indicators.
Q: How is this trend used in economic policy?
A: GDP figures are closely monitored by policymakers to inform economic and financial decision-making, as GDP growth is a primary goal of economic policy.
Q: Are there update delays or limitations?
A: GDP data is released quarterly by the U.S. Bureau of Economic Analysis, with occasional revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QATPBMUSDA), retrieved from FRED.