Skip to main content

FRED Graph

1Y | 5Y | 10Y | Max

NOTES

Source: U.S. Bureau of Economic Analysis  

Release: Gross Domestic Product  

Units:  Percent Change from Preceding Period, Seasonally Adjusted Annual Rate

Frequency:  Quarterly

Notes:

BEA Account Code: A191RL

Gross domestic product (GDP) is the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production. GDP is also equal to the sum of personal consumption expenditures, gross private domestic investment, net exports of goods and services, and government consumption expenditures and gross investment. Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes.

For more information about this series, please visit the Bureau of Economic Analysis.

Suggested Citation:

U.S. Bureau of Economic Analysis, Real Gross Domestic Product [A191RL1Q225SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/A191RL1Q225SBEA, August 17, 2022.

Source: Federal Reserve Bank of Atlanta  

Release: GDPNow  

Units:  Percent Change at Annual Rate, Seasonally Adjusted Annual Rate

Frequency:  Quarterly

Notes:

GDPNow is a nowcasting model for gross domestic product (GDP) growth that synthesizes the bridge equation approach relating GDP subcomponents to monthly source data with factor model and Bayesian vector autoregression approaches. The GDPNow model forecasts GDP growth by aggregating 13 subcomponents that make up GDP with the chain-weighting methodology used by the US Bureau of Economic Analysis.

The Federal Reserve Bank of Atlanta's GDPNow release complements the quarterly GDP release from the Bureau of Economic Analysis (BEA). The Atlanta Fed recalculates and updates their GDPNow forecasts (called "nowcasts") throughout the quarter as new data are released, up until the BEA releases its "advance estimate" of GDP for that quarter. The St. Louis Fed constructs a quarterly time series for this dataset, in which both historical and current observations values are combined. In general, the most-current observation is revised multiple times throughout the quarter. The final forecasted value (before the BEA's release of the advance estimate of GDP) is the static, historical value for that quarter.

For futher information visit the Federal Reserve Bank of Atlanta.

Suggested Citation:

Federal Reserve Bank of Atlanta, GDPNow [GDPNOW], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDPNOW, August 17, 2022.

Source: Federal Reserve Bank of Chicago  

Release: Brave-Butters-Kelley Indexes  

Units:  Annualized Percent Change from Preceding Period, Seasonally Adjusted

Frequency:  Monthly

Notes:

The Brave-Butters-Kelley Indexes (BBKI) are a research project of the Federal Reserve Bank of Chicago. The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 500 monthly measures of real economic activity and quarterly real GDP growth.

The leading subcomponent of the cycle is expressed in annualized real GDP growth equivalent units. The cycle component is the sum of the leading and lagging subcomponents.

For more details, see also:
Brave, Scott A., Ross Cole, and David Kelley, 2019, A 'big data' view of the U.S. economy: Introducing the Brave-Butters-Kelley Indexes, Chicago Fed Letter, Federal Reserve Bank of Chicago, No. 422. Crossref, https://doi.org/10.21033/cfl-2019-422
Brave, Scott A., R. Andrew Butters, and David Kelley, 2019, A new 'big data' index of U.S. economic activity, Economic Perspectives, Federal Reserve Bank of Chicago, Vol. 43, No. 1. Crossref, https://doi.org/10.21033/ep-2019-1

Suggested Citation:

Federal Reserve Bank of Chicago, Brave-Butters-Kelley Cycle: Leading Subcomponent of GDP (DISCONTINUED) [BBKMCLE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BBKMCLE, August 17, 2022.

RELATED CONTENT

Related Resources

Other Formats

Related Categories

Sources

Releases

Tags






Retrieving data.
Updating graph.

Subscribe to the FRED newsletter


Follow us

Back to Top
Top