Gross Domestic Product

Source: R/GDPC1.R

GDPC1 Real Gross Domestic Product

data(GDPC1)

Format

An xts object of Real Gross Domestic Product.

  • Release: Gross Domestic Product

  • Seasonal Adjustment: Seasonally Adjusted Annual Rate

  • Frequency: Quarterly

  • Units: Billions of Chained 2017 Dollars

  • Date Range: 1947-01-01 to 2025-04-01

Source

U.S. Bureau of Economic Analysis https://fred.stlouisfed.org/data/GDPC1

Notes

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) - https://www.bea.gov/resources/methodologies/nipa-handbook.

BEA Account Code: A191RX

Examples

data(GDPC1)
log_RGDP <- 100*log(GDPC1)

gdp_cycle <- yth_filter(log_RGDP, h = 8, p = 4, output = c("cycle", "random"), family = gaussian)

main <- "Log of Real GDP cycle and random walk"
plot(gdp_cycle, grid.col = "white", legend.loc = "topright", main = main)