Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Hungary
Billions of US Dollars
QHUNAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.69
Year-over-Year Change
8.76%
Date Range
10/1/1969 - 10/1/2024
Summary
The 'Billions of US Dollars' economic trend measures the total value of US GDP in constant dollars. This key 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
This metric represents the total monetary value of all goods and services produced within the United States, adjusted for inflation. It is a widely-used benchmark for assessing the economic health and productivity of the country.
Methodology
The data is collected and calculated by the US Bureau of Economic Analysis based on comprehensive national accounts.
Historical Context
Policymakers and analysts closely monitor GDP trends to inform fiscal and monetary policy decisions.
Key Facts
- US GDP reached a record high of $23.99 trillion in 2021.
- Real GDP growth was 5.7% in 2021, the fastest pace since 1984.
- The US accounts for approximately 25% of global GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' metric measures the total monetary value of all goods and services produced within the United States, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into the overall size and growth of the US economy, making it a crucial benchmark for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Bureau of Economic Analysis based on comprehensive national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor GDP trends to inform fiscal and monetary policy decisions, such as interest rates, government spending, and tax policies.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly with a delay of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QHUNAMUSDA), retrieved from FRED.