Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Australia
Billions of US Dollars
QAUNAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,025.92
Year-over-Year Change
0.76%
Date Range
10/1/1977 - 10/1/2024
Summary
This economic trend measures the value of U.S. gross domestic product (GDP) in billions of dollars. GDP is a key indicator of the size and growth of the overall 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 'Billions of US Dollars' metric represents the total monetary value of all goods and services produced within the United States in a given time period. It is a widely used statistic for analyzing economic performance and trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using comprehensive national accounting principles.
Historical Context
GDP figures are closely monitored by policymakers, analysts, and investors to assess the health and direction of the U.S. economy.
Key Facts
- The U.S. GDP reached a record high of over $23 trillion in 2021.
- GDP growth slowed to 2.3% in 2022 due to high inflation and other economic headwinds.
- Consumer spending accounts for around 70% of total U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods and services produced within the United States, a key indicator of the size and overall performance of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: GDP is a widely watched statistic that provides important insights into the health and direction of the U.S. economy. It is closely monitored by policymakers, businesses, and investors to make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using comprehensive national accounting principles.
Q: How is this trend used in economic policy?
A: GDP figures are a key input for policymakers at the Federal Reserve and other government agencies when making decisions about fiscal and monetary policy to promote economic growth and stability.
Q: Are there update delays or limitations?
A: The GDP data is released on a quarterly basis, with an initial estimate followed by revisions as more complete information becomes available. There can be some delays in the reporting of the data.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QAUNAMUSDA), retrieved from FRED.