Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Hungary
Billions of US Dollars
QHUPAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.70
Year-over-Year Change
6.65%
Date Range
10/1/1969 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the total dollar value of all goods and services produced in the United States. It is 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
This economic series, known as the Gross Domestic Product (GDP), represents the broadest measure of national economic activity. It is closely watched by policymakers, analysts, and investors to assess the overall health and direction of the U.S. economy.
Methodology
The GDP data is calculated quarterly by the U.S. Bureau of Economic Analysis based on surveys and economic records.
Historical Context
GDP growth is a primary target for fiscal and monetary policy, and changes in this metric can influence decisions around interest rates, government spending, and other economic levers.
Key Facts
- GDP reached a record high of over $23 trillion in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- GDP per capita is a common measure of living standards and quality of life.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total market value of all final goods and services produced within the United States in a given time period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of economic health and growth, making it crucial for policymakers, investors, and the public to monitor and analyze.
Q: How is this data collected or calculated?
A: The GDP data is calculated quarterly by the U.S. Bureau of Economic Analysis based on surveys, economic records, and other statistical sources.
Q: How is this trend used in economic policy?
A: GDP growth is a primary target for fiscal and monetary policy, and changes in this metric can influence decisions around interest rates, government spending, and other economic levers.
Q: Are there update delays or limitations?
A: The GDP data is released on a quarterly basis, with an initial estimate followed by two revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QHUPAMUSDA), retrieved from FRED.