Gross Domestic Product: Accommodation and Food Services (72) in Wisconsin
Annual, Not Seasonally Adjusted
WIACCFDNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,182.50
Year-over-Year Change
117.68%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted data series measures the value of consumer debt financing excluding mortgage loans in the United States. This metric is a key indicator of consumer spending patterns and financial health.
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 captures the total value of non-mortgage consumer debt, including credit card balances, auto loans, and student loans. Economists and policymakers closely monitor consumer debt levels to understand trends in household finances and consumption.
Methodology
The data is collected and calculated by the U.S. Federal Reserve from a variety of financial sources.
Historical Context
Consumer debt levels are an important consideration for monetary and fiscal policy decisions.
Key Facts
- Consumer debt excluding mortgages totaled $4.2 trillion in 2021.
- Non-mortgage consumer debt has grown by over 50% in the past decade.
- Credit card balances account for the largest share of non-mortgage consumer debt.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total value of consumer debt in the United States, excluding mortgage loans.
Q: Why is this trend relevant for users or analysts?
A: Consumer debt levels are a key indicator of household financial health and spending patterns, which are crucial for understanding the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve from various financial sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor consumer debt levels to inform monetary and fiscal policy decisions that impact household finances and economic growth.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but there may be lags or revisions due to the nature of the underlying sources.
Related Trends
All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Wisconsin
SMS55000006056000001
Industrial Carbon Dioxide Emissions, All Fuels for Wisconsin
EMISSCO2TOTVICTOWIA
Estimated Percent of People Under Age 5 in Poverty for Wisconsin
PP0T4WI55000A156NCEN
Housing Inventory: Median Listing Price Year-Over-Year in Wisconsin
MEDLISPRIYYWI
Gross Domestic Product: Management of Companies and Enterprises (55) in Wisconsin
WIMNGCOENTPRNGSP
Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Wisconsin
WINDURMANRGSP
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (WIACCFDNGSP), retrieved from FRED.