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ALFRED Graph


NOTES

Source: U.S. Bureau of Economic Analysis  

Release: Gross Domestic Product  

Units:  Billions of Chained 2000 Dollars, Seasonally Adjusted Annual Rate

Frequency:  Quarterly

Notes:

BEA Account Code: A191RX1

Real gross domestic product is the inflation adjusted value of the goods and services produced by labor and property located in the United States.

For more information see the Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

Suggested Citation:

U.S. Bureau of Economic Analysis, Real Gross Domestic Product [GDPC1], retrieved from ALFRED, Federal Reserve Bank of St. Louis; https://alfred.stlouisfed.org/series?seid=GDPC1, October 16, 2024.

Source: U.S. Congressional Budget Office  

Release: Budget and Economic Outlook  

Units:  Billions of Chained 2000 Dollars, Not Seasonally Adjusted

Frequency:  Quarterly

Notes:

Note: For the years 1991 through 1998, only the data that were current as of the CBO director's testimony before the Congressional Budget Committees is recorded. Starting with 1999, both the testimony data as well as an update (usually during the late summer) are recorded.

Potential Real GDP is estimated by the Congressional Budget Office (CBO). Since the July 2009 NIPA revision, there is a discrepancy between real GDP (in billions of chained 2005 dollars) and CBO real potential GDP (in billions of Chained 2000 dollars). To convert the data to 2005 Dollars multiply each quarterly observation of CBO real potential GDP by a factor of 1.14. This scaling factor is the average of the ratio of real GDP in billions of chained 2005 dollars to real GDP in billions of chained 2000 dollars for the four quarters of 2005. The CBO will be adjusting potential GDP sometime in 2010 to chained 2005 dollars.

Suggested Citation:

U.S. Congressional Budget Office, Real Potential Gross Domestic Product [GDPPOT], retrieved from ALFRED, Federal Reserve Bank of St. Louis; https://alfred.stlouisfed.org/series?seid=GDPPOT, October 16, 2024.

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