Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Russia
Billions of US Dollars
QRUPBMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,201.53
Year-over-Year Change
25.33%
Date Range
4/1/1995 - 10/1/2024
Summary
The 'Billions of US Dollars' economic indicator measures the total value of goods and services produced in the United States. It is a widely-used metric for assessing the overall health 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 series represents the Gross Domestic Product (GDP) of the United States, which is the total market value of all final goods and services produced within the country in a given time period. GDP is a comprehensive indicator of economic activity and a key statistic monitored by policymakers, analysts, and businesses.
Methodology
The GDP data is collected and calculated by the US Bureau of Economic Analysis using a variety of surveys and economic records.
Historical Context
GDP figures are closely watched by the Federal Reserve and other institutions to guide economic and monetary policy decisions.
Key Facts
- GDP reached a record high of $23.9 trillion in 2021.
- The US economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- GDP growth averaged around 2.3% annually from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: This 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 widely-used indicator of overall economic health and growth, making it highly relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The GDP data is collected and calculated by the US Bureau of Economic Analysis using surveys and economic records.
Q: How is this trend used in economic policy?
A: GDP figures are closely monitored by the Federal Reserve and other institutions to guide economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: GDP data is released on a quarterly basis, with some lag time between the end of the quarter and the data publication.
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Producer Prices Index: Type of Goods: Intermediate Goods: Total for Russia
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Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Russian Federation
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People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Russian Federation
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Citation
U.S. Federal Reserve, Billions of US Dollars (QRUPBMUSDA), retrieved from FRED.