Total Credit to Non-Financial Sector, Adjusted for Breaks, for Denmark
Billions of US Dollars
QDKCAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
996.17
Year-over-Year Change
-6.68%
Date Range
1/1/1995 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the total value of goods and services produced in the United States. It is a key indicator of economic growth and a critical data point for policymakers and analysts.
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
This series represents the Gross Domestic Product (GDP) of the United States, which is the most comprehensive measure of the nation's economic activity. GDP tracks the total market value of all final goods and services produced within the country over a given period.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and government statistics.
Historical Context
GDP figures are closely monitored by the Federal Reserve, policymakers, and financial markets to assess the health of the U.S. economy and inform economic and monetary policy decisions.
Key Facts
- GDP reached a record high of $23.9 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Consumer spending accounts for over two-thirds of U.S. GDP.
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 Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a critical indicator of economic health and growth, making it highly relevant for policymakers, economists, and financial market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and government statistics.
Q: How is this trend used in economic policy?
A: GDP figures are closely monitored by the Federal Reserve, policymakers, and financial markets to assess the health of the U.S. economy and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: GDP data is typically released on a quarterly basis, with some minor revisions made in subsequent releases.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QDKCAMUSDA), retrieved from FRED.