Federal Reserve Economic Data

Table Data - Index of Global Real Economic Activity

Title Index of Global Real Economic Activity
Series ID IGREA
Source Federal Reserve Bank of Dallas
Release Index of Global Real Economic Activity
Seasonal Adjustment Not Seasonally Adjusted
Frequency Monthly
Units Index
Date Range 1968-01-01 to 2024-11-01
Last Updated 2025-01-15 2:33 PM CST
Notes This series is an updated index of global real economic activity in industrial commodity markets, as proposed in Kilian (2009), with the correction discussed in Kilian (2019). This business-cycle index is expressed in percent deviations from trend. It is derived from a panel of dollar-denominated global bulk dry cargo shipping rates and may be viewed as a proxy for the volume of shipping in global industrial commodity markets. For further discussion of the advantages of this index compared with measures of global real GDP or global industrial production see Kilian and Zhou (2018).
DATE VALUE
1968-01-01 -12.43699300
1968-02-01 -9.11522580
1968-03-01 -10.95066500
1968-04-01 -11.07581000
1968-05-01 -10.34173600
1968-06-01 -7.39213590
1968-07-01 -12.02091000
1968-08-01 -15.65019000
1968-09-01 -14.88062600
1968-10-01 -19.80849300
1968-11-01 -8.55947170
1968-12-01 -16.24061000
1969-01-01 -18.60242500
1969-02-01 -17.81118700
1969-03-01 -16.69394700
1969-04-01 -22.53635700
1969-05-01 -27.43108700
1969-06-01 -18.46045300
1969-07-01 -26.25023500
1969-08-01 -21.65993100
1969-09-01 -14.10082400
1969-10-01 -6.33791980
1969-11-01 -0.64424272
1969-12-01 4.00879110
1970-01-01 25.53955700
1970-02-01 39.78847700
1970-03-01 53.87034200
1970-04-01 55.18218800
1970-05-01 56.72814100
1970-06-01 52.22734600
1970-07-01 47.80624100
1970-08-01 53.72586900
1970-09-01 59.04986900
1970-10-01 59.49125600
1970-11-01 54.34997900
1970-12-01 16.69175000
1971-01-01 7.90564710
1971-02-01 -16.04458300
1971-03-01 -17.79562600
1971-04-01 -23.05290600
1971-05-01 -29.77931600
1971-06-01 -53.37062100
1971-07-01 -59.58814900
1971-08-01 -63.53962700
1971-09-01 -50.10157300
1971-10-01 -59.82642200
1971-11-01 -43.58948300
1971-12-01 -48.06342500
1972-01-01 -60.05931500
1972-02-01 -66.91587800
1972-03-01 -69.48980000
1972-04-01 -60.28690500
1972-05-01 -64.23305500
1972-06-01 -66.97400000
1972-07-01 -56.78213100
1972-08-01 -63.14648600
1972-09-01 -8.80233160
1972-10-01 -5.91042440
1972-11-01 -4.76796220
1972-12-01 9.23243010
1973-01-01 20.70722500
1973-02-01 29.45125400
1973-03-01 38.56694500
1973-04-01 42.96674800
1973-05-01 50.24273500
1973-06-01 57.70078700
1973-07-01 59.16668800
1973-08-01 69.68552200
1973-09-01 81.11369300
1973-10-01 107.03673000
1973-11-01 104.06657000
1973-12-01 114.07200000
1974-01-01 105.60304000
1974-02-01 88.66241700
1974-03-01 98.24795400
1974-04-01 86.27278400
1974-05-01 104.02971000
1974-06-01 82.36037100
1974-07-01 62.05776100
1974-08-01 58.69221500
1974-09-01 60.44055900
1974-10-01 61.59480100
1974-11-01 59.00948700
1974-12-01 21.84620600
1975-01-01 -0.71843732
1975-02-01 -9.66621180
1975-03-01 -26.46941100
1975-04-01 -41.22320800
1975-05-01 -43.88905900
1975-06-01 -36.74438900
1975-07-01 -41.72868800
1975-08-01 -45.44153100
1975-09-01 -34.23254900
1975-10-01 -33.82400200
1975-11-01 -23.92670200
1975-12-01 -35.54955500
1976-01-01 -45.85517000
1976-02-01 -50.11498400
1976-03-01 -32.38640500
1976-04-01 -28.79834600
1976-05-01 -19.20516100
1976-06-01 -16.07757200
1976-07-01 -21.38783800
1976-08-01 -23.87268100
1976-09-01 -24.60626000
1976-10-01 -20.69607800
1976-11-01 -19.26750700
1976-12-01 -35.67023200
1977-01-01 -49.05282200
1977-02-01 -44.96452800
1977-03-01 -45.30318000
1977-04-01 -43.42503800
1977-05-01 -35.67811000
1977-06-01 -40.45441200
1977-07-01 -44.25163400
1977-08-01 -46.95893100
1977-09-01 -47.11975300
1977-10-01 -32.89122200
1977-11-01 -33.37249800
1977-12-01 -37.94518800
1978-01-01 -38.41921500
1978-02-01 -38.73056700
1978-03-01 -39.19750500
1978-04-01 -39.81708000
1978-05-01 -22.71651200
1978-06-01 -17.15338400
1978-07-01 -25.75796600
1978-08-01 -26.20082100
1978-09-01 -13.93588300
1978-10-01 -17.97420300
1978-11-01 -3.95254080
1978-12-01 -6.95582070
1979-01-01 -16.23516100
1979-02-01 -10.78460000
1979-03-01 7.11466770
1979-04-01 9.09249060
1979-05-01 28.89563000
1979-06-01 46.17954400
1979-07-01 54.20479600
1979-08-01 37.10850400
1979-09-01 43.67588100
1979-10-01 43.60220800
1979-11-01 49.11215800
1979-12-01 35.29992300
1980-01-01 34.67739900
1980-02-01 40.03228000
1980-03-01 42.00924300
1980-04-01 60.34058900
1980-05-01 63.49720800
1980-06-01 56.73660200
1980-07-01 44.62337600
1980-08-01 53.37669800
1980-09-01 54.62593000
1980-10-01 54.51085100
1980-11-01 64.33663700
1980-12-01 67.97463200
1981-01-01 63.66604400
1981-02-01 61.47711900
1981-03-01 49.95455300
1981-04-01 45.60376900
1981-05-01 35.53450400
1981-06-01 40.78977100
1981-07-01 32.44038900
1981-08-01 14.84670800
1981-09-01 12.77233300
1981-10-01 15.30504800
1981-11-01 14.33707700
1981-12-01 7.39232670
1982-01-01 2.81598640
1982-02-01 -6.52565790
1982-03-01 2.69949920
1982-04-01 10.64532800
1982-05-01 7.49810560
1982-06-01 -16.84482900
1982-07-01 -41.14448200
1982-08-01 -43.48973000
1982-09-01 -27.68549200
1982-10-01 -27.11913700
1982-11-01 -24.52558100
1982-12-01 -19.77427100
1983-01-01 -17.74480600
1983-02-01 -12.87016500
1983-03-01 -9.98082550
1983-04-01 -7.29255590
1983-05-01 -7.49887270
1983-06-01 -22.43637800
1983-07-01 -33.69191800
1983-08-01 -34.73625000
1983-09-01 -31.71943600
1983-10-01 -28.75145200
1983-11-01 -21.37477300
1983-12-01 -31.69799800
1984-01-01 -29.83278600
1984-02-01 -23.20294000
1984-03-01 -18.95504100
1984-04-01 -14.98421200
1984-05-01 -15.61969500
1984-06-01 -24.47342700
1984-07-01 -29.36330900
1984-08-01 -28.51528900
1984-09-01 -25.37231900
1984-10-01 -24.10129500
1984-11-01 -16.55680000
1984-12-01 -19.71555000
1985-01-01 -23.27167800
1985-02-01 -27.60218700
1985-03-01 -25.87288500
1985-04-01 -20.89050500
1985-05-01 -24.91375700
1985-06-01 -34.41891500
1985-07-01 -50.16435500
1985-08-01 -57.62425800
1985-09-01 -50.07515900
1985-10-01 -37.00534400
1985-11-01 -36.18554200
1985-12-01 -36.03524400
1986-01-01 -37.78948600
1986-02-01 -51.74283200
1986-03-01 -55.38553400
1986-04-01 -61.54931100
1986-05-01 -66.38656000
1986-06-01 -69.34779700
1986-07-01 -80.97376100
1986-08-01 -78.31048500
1986-09-01 -54.27099300
1986-10-01 -48.82367400
1986-11-01 -51.14386100
1986-12-01 -60.13493800
1987-01-01 -46.53897400
1987-02-01 -41.81141300
1987-03-01 -35.10329400
1987-04-01 -25.20721700
1987-05-01 -19.45970400
1987-06-01 -30.74831300
1987-07-01 -33.69309800
1987-08-01 -18.81053800
1987-09-01 -22.35871100
1987-10-01 -17.35789200
1987-11-01 -12.34659600
1987-12-01 -5.15762150
1988-01-01 2.85733290
1988-02-01 14.10509900
1988-03-01 19.19839300
1988-04-01 11.65637300
1988-05-01 5.20657750
1988-06-01 -5.10551270
1988-07-01 -11.46430400
1988-08-01 -9.39755270
1988-09-01 -4.84994310
1988-10-01 -1.94097080
1988-11-01 7.83533830
1988-12-01 11.30612800
1989-01-01 17.77263900
1989-02-01 12.20927400
1989-03-01 17.52995900
1989-04-01 16.96213600
1989-05-01 21.51796500
1989-06-01 3.10543950
1989-07-01 1.02716110
1989-08-01 2.40787110
1989-09-01 3.88359130
1989-10-01 10.59037500
1989-11-01 18.13175500
1989-12-01 14.54460100
1990-01-01 16.47446800
1990-02-01 13.03890200
1990-03-01 12.48596600
1990-04-01 2.64863400
1990-05-01 -6.25614580
1990-06-01 -15.08565700
1990-07-01 -25.06828900
1990-08-01 -16.05391600
1990-09-01 -18.65204400
1990-10-01 -14.63735800
1990-11-01 -9.67535530
1990-12-01 -0.40033653
1991-01-01 0.22535872
1991-02-01 9.97980630
1991-03-01 17.91843700
1991-04-01 10.46468800
1991-05-01 14.29849600
1991-06-01 16.48113400
1991-07-01 8.00650670
1991-08-01 2.84383820
1991-09-01 5.95095390
1991-10-01 10.29192600
1991-11-01 10.88841600
1991-12-01 5.44682740
1992-01-01 2.57093490
1992-02-01 -10.78508300
1992-03-01 -18.11377100
1992-04-01 -21.93094700
1992-05-01 -14.26488500
1992-06-01 -22.27068600
1992-07-01 -31.69885600
1992-08-01 -31.65241200
1992-09-01 -33.02005100
1992-10-01 -32.42733600
1992-11-01 -19.66203100
1992-12-01 -7.85839930
1993-01-01 -12.48166500
1993-02-01 -10.31930200
1993-03-01 -2.20193760
1993-04-01 1.82830630
1993-05-01 7.90803610
1993-06-01 4.56923520
1993-07-01 -6.91496250
1993-08-01 -6.23279210
1993-09-01 -4.06496090
1993-10-01 -7.61208070
1993-11-01 -13.19203200
1993-12-01 -18.36876500
1994-01-01 -18.85372700
1994-02-01 -24.93145700
1994-03-01 -25.55906300
1994-04-01 -13.33491500
1994-05-01 -0.43499713
1994-06-01 -9.76623870
1994-07-01 -5.78718170
1994-08-01 -0.54292905
1994-09-01 3.13339950
1994-10-01 19.47129800
1994-11-01 22.31288500
1994-12-01 29.07778000
1995-01-01 30.17464300
1995-02-01 28.72752800
1995-03-01 38.54518300
1995-04-01 41.09931200
1995-05-01 40.66847500
1995-06-01 29.20310800
1995-07-01 27.42702100
1995-08-01 33.26179100
1995-09-01 29.44197200
1995-10-01 13.53314900
1995-11-01 9.88897540
1995-12-01 7.97124780
1996-01-01 2.94913360
1996-02-01 -4.65851940
1996-03-01 -8.43330460
1996-04-01 -3.64963430
1996-05-01 -6.46329580
1996-06-01 -17.14285900
1996-07-01 -30.07305800
1996-08-01 -32.93840500
1996-09-01 -38.38423300
1996-10-01 -29.09209600
1996-11-01 -4.62194630
1996-12-01 -2.18455380
1997-01-01 -3.83632530
1997-02-01 -5.51473120
1997-03-01 -3.07287010
1997-04-01 -9.35534750
1997-05-01 -16.78987000
1997-06-01 -17.28155600
1997-07-01 -12.11101700
1997-08-01 -15.68724900
1997-09-01 -15.53815000
1997-10-01 -13.49775100
1997-11-01 -20.25237400
1997-12-01 -20.31003500
1998-01-01 -26.87811200
1998-02-01 -42.72007800
1998-03-01 -35.68866200
1998-04-01 -42.61308200
1998-05-01 -42.99875500
1998-06-01 -51.90736500
1998-07-01 -58.55218600
1998-08-01 -63.51277900
1998-09-01 -54.66513600
1998-10-01 -42.65986300
1998-11-01 -45.18932100
1998-12-01 -57.38918300
1999-01-01 -62.97597000
1999-02-01 -58.78260400
1999-03-01 -44.12033900
1999-04-01 -49.16826300
1999-05-01 -35.04871600
1999-06-01 -42.09834500
1999-07-01 -43.57393800
1999-08-01 -36.82342800
1999-09-01 -27.94506300
1999-10-01 -12.39316700
1999-11-01 -12.77961000
1999-12-01 -12.17848500
2000-01-01 -10.24483200
2000-02-01 -8.89954200
2000-03-01 5.77656700
2000-04-01 8.86098460
2000-05-01 4.87429730
2000-06-01 3.64306390
2000-07-01 5.32769320
2000-08-01 6.78321680
2000-09-01 10.78700800
2000-10-01 12.05718200
2000-11-01 11.35634600
2000-12-01 4.50560990
2001-01-01 1.39165460
2001-02-01 -4.38574270
2001-03-01 -2.73343220
2001-04-01 -7.02258210
2001-05-01 -6.74202690
2001-06-01 -11.82901100
2001-07-01 -24.67099700
2001-08-01 -45.33908600
2001-09-01 -49.20368700
2001-10-01 -53.85806200
2001-11-01 -58.54262400
2001-12-01 -56.58112000
2002-01-01 -49.80750500
2002-02-01 -46.74281000
2002-03-01 -36.47766000
2002-04-01 -35.63840300
2002-05-01 -39.75513100
2002-06-01 -43.39282300
2002-07-01 -44.15532100
2002-08-01 -42.85968000
2002-09-01 -26.33878000
2002-10-01 -11.99914800
2002-11-01 -5.27039750
2002-12-01 7.92933610
2003-01-01 9.32293820
2003-02-01 7.75510030
2003-03-01 17.75477700
2003-04-01 29.24814100
2003-05-01 37.35841300
2003-06-01 33.06360000
2003-07-01 35.49036600
2003-08-01 39.42071400
2003-09-01 46.71966900
2003-10-01 99.47933800
2003-11-01 101.65955000
2003-12-01 109.66481000
2004-01-01 122.02136000
2004-02-01 126.11241000
2004-03-01 120.03287000
2004-04-01 106.67157000
2004-05-01 84.23077300
2004-06-01 62.58329700
2004-07-01 89.02291400
2004-08-01 98.98416400
2004-09-01 98.15962800
2004-10-01 106.97706000
2004-11-01 122.34212000
2004-12-01 126.38742000
2005-01-01 106.23808000
2005-02-01 106.65154000
2005-03-01 109.62509000
2005-04-01 106.31009000
2005-05-01 85.34876100
2005-06-01 56.64942900
2005-07-01 34.82480000
2005-08-01 33.78965600
2005-09-01 56.52945900
2005-10-01 68.52879000
2005-11-01 61.13072900
2005-12-01 49.82656800
2006-01-01 35.46240900
2006-02-01 43.31688800
2006-03-01 49.48159700
2006-04-01 43.85457600
2006-05-01 42.78460000
2006-06-01 53.41039200
2006-07-01 64.55728200
2006-08-01 83.24782300
2006-09-01 93.02408500
2006-10-01 93.36211900
2006-11-01 97.42165300
2006-12-01 100.46970000
2007-01-01 103.33437000
2007-02-01 101.66854000
2007-03-01 116.57488000
2007-04-01 128.05675000
2007-05-01 138.48179000
2007-06-01 128.05718000
2007-07-01 141.02521000
2007-08-01 150.21718000
2007-09-01 167.49510000
2007-10-01 186.90046000
2007-11-01 187.40916000
2007-12-01 180.52729000
2008-01-01 148.55190000
2008-02-01 144.26044000
2008-03-01 160.02320000
2008-04-01 162.69824000
2008-05-01 189.16660000
2008-06-01 182.60799000
2008-07-01 168.39219000
2008-08-01 149.88685000
2008-09-01 110.22135000
2008-10-01 10.03048100
2008-11-01 -67.20638000
2008-12-01 -75.95244800
2009-01-01 -56.31534000
2009-02-01 13.13269300
2009-03-01 20.92617200
2009-04-01 4.42063690
2009-05-01 47.03447800
2009-06-01 87.26105500
2009-07-01 74.60689000
2009-08-01 51.95304800
2009-09-01 38.64212600
2009-10-01 54.03881100
2009-11-01 89.99940600
2009-12-01 80.28249400
2010-01-01 68.38109900
2010-02-01 51.83927400
2010-03-01 69.99868600
2010-04-01 64.89245500
2010-05-01 88.32117400
2010-06-01 66.78626100
2010-07-01 18.72344700
2010-08-01 42.90446500
2010-09-01 54.06406600
2010-10-01 52.92162700
2010-11-01 37.96877000
2010-12-01 24.38690800
2011-01-01 -12.90509800
2011-02-01 -30.14252700
2011-03-01 -7.04997480
2011-04-01 -17.94047100
2011-05-01 -17.39467400
2011-06-01 -11.42371400
2011-07-01 -16.35893300
2011-08-01 -14.95072900
2011-09-01 13.28645600
2011-10-01 25.26069200
2011-11-01 13.08934200
2011-12-01 15.04038600
2012-01-01 -43.73387900
2012-02-01 -82.93799300
2012-03-01 -62.89103000
2012-04-01 -45.65521900
2012-05-01 -37.66740700
2012-06-01 -53.52768800
2012-07-01 -41.43646300
2012-08-01 -74.67769900
2012-09-01 -82.31701800
2012-10-01 -52.62833400
2012-11-01 -44.98714100
2012-12-01 -62.82783800
2013-01-01 -73.33450600
2013-02-01 -77.09410800
2013-03-01 -60.43023000
2013-04-01 -60.29522500
2013-05-01 -62.79272600
2013-06-01 -52.90931200
2013-07-01 -35.19254500
2013-08-01 -38.43412800
2013-09-01 5.16184570
2013-10-01 16.65961900
2013-11-01 -2.25924950
2013-12-01 31.09076600
2014-01-01 -8.13879610
2014-02-01 -33.68316000
2014-03-01 -7.32710890
2014-04-01 -42.39594300
2014-05-01 -47.71393900
2014-06-01 -56.07984600
2014-07-01 -69.63806800
2014-08-01 -53.08237400
2014-09-01 -34.85095100
2014-10-01 -36.62332400
2014-11-01 -17.20742400
2014-12-01 -54.88574100
2015-01-01 -76.73897700
2015-02-01 -106.42384000
2015-03-01 -99.96976300
2015-04-01 -97.27005000
2015-05-01 -96.48240100
2015-06-01 -80.81296900
2015-07-01 -47.49766200
2015-08-01 -38.48604400
2015-09-01 -56.24576800
2015-10-01 -67.57029600
2015-11-01 -98.41808600
2015-12-01 -109.60995000
2016-01-01 -138.95919000
2016-02-01 -161.66783000
2016-03-01 -139.57810000
2016-04-01 -93.75365500
2016-05-01 -91.79929100
2016-06-01 -93.87128600
2016-07-01 -78.48631900
2016-08-01 -83.50773700
2016-09-01 -62.89090000
2016-10-01 -58.15876500
2016-11-01 -37.07346000
2016-12-01 -39.26107500
2017-01-01 -54.07831300
2017-02-01 -71.84202300
2017-03-01 -30.88844100
2017-04-01 -24.03535400
2017-05-01 -46.54963600
2017-06-01 -58.78222900
2017-07-01 -53.45948900
2017-08-01 -30.55308800
2017-09-01 -13.14742200
2017-10-01 -4.57673160
2017-11-01 -6.74417080
2017-12-01 3.95044210
2018-01-01 -22.79728000
2018-02-01 -32.82972800
2018-03-01 -30.10231200
2018-04-01 -32.38662700
2018-05-01 -18.88291000
2018-06-01 -14.34502100
2018-07-01 5.66193400
2018-08-01 9.22114530
2018-09-01 -7.51898730
2018-10-01 -1.03355030
2018-11-01 -26.73626500
2018-12-01 -15.30888300
2019-01-01 -37.84499600
2019-02-01 -90.45060800
2019-03-01 -82.86594500
2019-04-01 -70.25660700
2019-05-01 -40.83097400
2019-06-01 -28.12752400
2019-07-01 18.36010000
2019-08-01 24.25144100
2019-09-01 37.16800400
2019-10-01 15.94943100
2019-11-01 -9.38327840
2019-12-01 -12.22255400
2020-01-01 -79.96876400
2020-02-01 -121.84501000
2020-03-01 -94.73568300
2020-04-01 -83.81385600
2020-05-01 -114.13125000
2020-06-01 -29.24904400
2020-07-01 5.78624250
2020-08-01 -1.85218070
2020-09-01 -9.08916260
2020-10-01 5.45170670
2020-11-01 -26.99812300
2020-12-01 -21.97494700
2021-01-01 6.72342790
2021-02-01 -3.53015720
2021-03-01 25.79781600
2021-04-01 45.68421500
2021-05-01 63.27858000
2021-06-01 61.50472300
2021-07-01 69.55141600
2021-08-01 84.85852300
2021-09-01 98.83247300
2021-10-01 109.76815000
2021-11-01 54.04992600
2021-12-01 55.35111900
2022-01-01 7.44516710
2022-02-01 10.97069000
2022-03-01 39.55573000
2022-04-01 28.87356500
2022-05-01 56.33712400
2022-06-01 34.40707800
2022-07-01 20.58446200
2022-08-01 -17.91992200
2022-09-01 -12.96131700
2022-10-01 6.56974350
2022-11-01 -26.92144000
2022-12-01 -15.60679900
2023-01-01 -62.86026200
2023-02-01 -95.39144600
2023-03-01 -19.08937600
2023-04-01 -14.50410600
2023-05-01 -18.86856900
2023-06-01 -45.81516200
2023-07-01 -49.81361200
2023-08-01 -40.10398000
2023-09-01 -21.12716800
2023-10-01 8.30062390
2023-11-01 6.30581130
2023-12-01 38.89037000
2024-01-01 -6.32900110
2024-02-01 20.05480500
2024-03-01 25.46184500
2024-04-01 -0.14927119
2024-05-01 9.06291370
2024-06-01 10.69984200
2024-07-01 10.86697500
2024-08-01 -0.64709145
2024-09-01 12.88880300
2024-10-01 -3.63564100
2024-11-01 -11.70637800

Subscribe to the FRED newsletter


Follow us

Back to Top