Nominal Total Credit to General Government, Adjusted for Breaks, for Sweden
Billions of US Dollars
QSEGANUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
195.74
Year-over-Year Change
-12.17%
Date Range
1/1/1996 - 10/1/2024
Summary
The 'Billions of US Dollars' economic trend measures the total value of goods and services produced in the United States, adjusted for inflation. It is a key indicator of economic growth and a critical metric 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 data series represents the real gross domestic product (GDP) of the United States, expressed in billions of chained 2012 dollars. GDP is the broadest measure of economic activity and is widely used to assess the health and trajectory of the national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey data and other economic indicators.
Historical Context
Policymakers and economists closely monitor GDP growth to inform decisions around monetary and fiscal policy.
Key Facts
- The U.S. GDP reached a record high of $19.73 trillion in 2021.
- GDP growth slowed to 2.3% in 2022 amid high inflation and rising interest rates.
- The U.S. economy experienced a sharp contraction of 3.4% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' series measures the total value of goods and services produced in the United States, adjusted for inflation. It is the broadest indicator of economic activity.
Q: Why is this trend relevant for users or analysts?
A: GDP is a critical metric used by policymakers, economists, and market participants to assess the overall health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey data and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor GDP growth to inform decisions around monetary and fiscal policy, such as interest rate adjustments and government spending.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly by the Bureau of Economic Analysis, with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QSEGANUSDA), retrieved from FRED.