Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Portugal
Billions of US Dollars
QPTNAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
228.79
Year-over-Year Change
-8.84%
Date Range
10/1/1979 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the total value of goods and services produced in the United States, expressed in billions of U.S. dollars. This key economic indicator is widely used by policymakers and analysts to assess the overall health and growth of the 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
This series represents the U.S. nominal gross domestic product (GDP), which is the broadest measure of economic activity and the most important barometer of the nation's economic performance. GDP data is used to track economic trends, inform policy decisions, and provide context for other economic indicators.
Methodology
The U.S. Bureau of Economic Analysis (BEA) calculates GDP by summing consumer spending, business investment, government spending, and net exports.
Historical Context
GDP data is closely monitored by the Federal Reserve, Congress, and private sector analysts to guide monetary and fiscal policy decisions.
Key Facts
- GDP reached a record high of over $23 trillion in 2021.
- The U.S. economy contracted in 2020 due to the COVID-19 pandemic.
- GDP growth is a key target for the Federal Reserve's monetary policy.
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, expressed in billions of U.S. dollars. This is the broadest measure of economic activity, known as the nominal gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is the most important indicator of a country's economic performance and health. It is closely monitored by policymakers, businesses, and analysts to assess growth, guide policy decisions, and provide context for other economic data.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis (BEA) calculates GDP by summing consumer spending, business investment, government spending, and net exports.
Q: How is this trend used in economic policy?
A: GDP data is used by the Federal Reserve, Congress, and private sector analysts to guide monetary and fiscal policy decisions. Policymakers monitor GDP growth to assess the overall health of the economy and make adjustments as needed.
Q: Are there update delays or limitations?
A: GDP data is released quarterly by the BEA, with some lag from the end of the reporting period. There may also be revisions to historical GDP figures as more complete data becomes available.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QPTNAMUSDA), retrieved from FRED.