Total Credit to General Government, Adjusted for Breaks, for Czech Republic
Billions of US Dollars
QCZGAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.42
Year-over-Year Change
24.11%
Date Range
10/1/1998 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the nominal value of US Gross Domestic Product (GDP) in billions of US dollars. This key macroeconomic indicator provides insight into the overall size and growth of the US 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
GDP is the total market value of all goods and services produced within a country in a given period. The 'Billions of US Dollars' trend tracks the nominal, unadjusted GDP figure, which is useful for measuring the absolute size of the economy and making historical comparisons.
Methodology
The Bureau of Economic Analysis (BEA) calculates GDP based on data from a variety of government and private sector sources.
Historical Context
GDP is a crucial metric for policymakers, analysts, and investors in assessing the health and trajectory of the US economy.
Key Facts
- US GDP reached a record high of $23.9 trillion in 2021.
- GDP grew by 6.9% in Q4 2021, the fastest pace since 1984.
- The US has the world's largest economy, accounting for over 20% of global GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the nominal, unadjusted value of US Gross Domestic Product (GDP) in billions of US dollars.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of the size and growth of the US economy, making this trend highly relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis (BEA) calculates GDP based on data from various government and private sector sources.
Q: How is this trend used in economic policy?
A: GDP is a key metric used by the Federal Reserve, Congress, and other policymakers to assess the health of the US economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly by the BEA, with an initial estimate followed by two revisions. There may be some delays in the data availability.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QCZGAMUSDA), retrieved from FRED.