Where can I find economic statistics?
Economic Data Sites
- Resources for Teaching about International Trade and Tariffs.
- FRED at the Federal Reserve Bank of St.
- Trading Economics.
- US Bureau of Economic Analysis (BEA)
- US Census Bureau Economic Indicators.
- US Bureau of Labor Statistics (BLS)
- World Bank.
- United Nations Statistic Division.
Where can I find US economic data?
Data from around the U.S.
- FRED database. User-friendly database of U.S. and international time series data maintained by the Federal Reserve Bank of St.
- Bureau of Labor Statistics (BLS)
- Bureau of Economic Analysis (BEA)
- NBER Data Library.
- Congressional Budget Office (CBO)
- More U.S. macro data.
How is the current US economy?
Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the third quarter of 2021, following an increase of 6.7 percent in the second quarter. The deceleration in real GDP in the third quarter was led by a slowdown in consumer spending.
What is expansionary policy used for?
Expansionary policy is intended to boost business investment and consumer spending by injecting money into the economy either through direct government deficit spending or increased lending to businesses and consumers.
What are US economic indicators?
GDP.
Should I use real or nominal GDP?
Therefore, real GDP is a more accurate gauge of the change in production levels from one period to another, but nominal GDP is a better gauge of consumer purchasing power.
What contributes to nominal GDP?
Nominal GDP measures a country’s gross domestic product using current prices, without adjusting for inflation. Contrast this with real GDP, which measures a country’s economic output adjusted for the impact of inflation.
What is the current state of the US economy?
The U.S. economy represents about 20% of total global output, and is still larger than that of China. Moreover, according to the IMF, the U.S. has the sixth highest per capita GDP (PPP). The U.S. economy features a highly-developed and technologically-advanced services sector, which accounts for about 80% of its output.
What exactly is the US economy?
The United States of America is a union of 50 states in North America . It is one of the world’s largest economies and is considered a mixed economy. That means it operates as a free market economy in consumer goods and business services. But, even in those areas, the government imposes regulations to protect the good of all.
How is the US economy doing?
Jobs and Unemployment. The economy added 943,000 jobs in July.
What type of economy does the United States have?
The United States has a mixed economy. It is a combination of a free market economy and a command economy. Compared with most other countries around the world, it is more towards a free market economy and less towards a command economy. In most ways, the US has a market economy.