Tuesday, March 27, 2012

FRED: World's Most Amazing Economic Website

Business Insider goes to the St. Louis Federal Reserve to find out the history of FRED (Federal Reserve Economic Data), " and interview the four people currently responsible for the "most amazing economics website in the world"  (except for Carpe Diem of course!).

Here are some FRED stats:
  • 1.9 million visits in 2011 from 200 countries (42% increase from 2010)
  • Average of 6,000 visits per day
  • 14.5 million page views during 2011
  • 13,000 visits from Twitter during 2011
  • Approximately 600,000 custom FRED Graphs were created during 2011 (more than one per minute)
  • GeoFRED received 15,000 visits during 2011
  • ALFRED received 48,000 visits during 2011
  • During Q4 2011, 14.7 million data calls sent through API
  • 15,000 new series added during 2011
FRED's mission: To continue to add more data series and "FRED-ify" the world!  As a daily FRED user, I see a very bright FRED-ifed world of economic and financial data! After all, you can never have too much data (or too many tools, guitars, cowboy boots, CDs, books, etc.). 

5 Comments:

At 3/27/2012 9:05 AM, Blogger morganovich said...

best free plug in (to excel) i have ever seen.

it's a fantastic product.

 
At 3/27/2012 9:09 AM, Blogger AIG said...

Yes well! You're going to believe the government data?

No thank you. I believe in Ron Paul! Am I right or am I right VangeIV?!

/jk

 
At 3/27/2012 12:10 PM, Blogger misterjosh said...

When are they coming out with FEDucation?

 
At 3/27/2012 12:13 PM, Blogger misterjosh said...

AIG - There are lies, damned lies, and FRED data.

I actually think these numbers are probably correct - you just have to be careful about what conclusions you think you can draw from them.

 
At 3/27/2012 4:49 PM, Blogger AIG said...

Yah! You tell em Vange! This guy actually expects us to believe data from economists. Clearly, Dr. Perry has never heard a Lew Rockwell podcast.

 

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