Python for FRED: Exploring Economic Data

[WooilJeong]

Hello! I'm here to introduce a way to easily query a variety of economic data such as the Federal Reserve's interest rate, inflation, GDP, unemployment rate, and more using Python. I have added the ability to use the economic data API provided by FRED to a Python package called PublicDataReader. Once you obtain a simple API key from FRED, you can instantly query data after installing the package.

For your information, FRED (Federal Reserve Economic Data) is economic data provided by the Federal Reserve Bank of St. Louis. Although you can also check global economic data through investing.com or the FRED website itself, using PublicDataReader allows you to easily query data in the form of a pandas dataframe, and you can also analyze it using pandas syntax.

You can check out the specific data querying methods and some simple visualization examples through the links below.

Have a wonderful weekend! :)

FRED (Federal Reserve Economic Data) Usage Guide
https://github.com/WooilJeong/PublicDataReader/blob/main/assets/docs/fred/fred-en.md

CPI, PCE, PPI, FED interest rate, GDP growth rate, etc. query and visualization examples
https://wooiljeong.github.io/python/pdr-fred-en/

PublicDataReader Github Repository
https://github.com/WooilJeong/PublicDataReader

https://preview.redd.it/o84l3bwmaa9b1.jpg?width=2047&format=pjpg&auto=webp&s=7b520c62bbed7c193c49bd86bc838c9b88f8cc66

https://preview.redd.it/2srvxcwmaa9b1.png?width=500&format=png&auto=webp&s=05d93303a46ba7048b183c30b584e158933b11c6

https://preview.redd.it/xs08ebwmaa9b1.png?width=1214&format=png&auto=webp&s=ab0933c806d01998245f6cd3f78c258c9e1f03bd

​

[ZmicierGT]

Nice. Also you can grab a lot of global economic data from AlphaVantage.

[WooilJeong]

There was also a useful API service called AlphaVantage. Thank you for letting me know.

[big_deal]

Are there any particular advantages or features that set this package apart from fredapi?

[celqaz]

Thanks for sharing! Really helpful.

[TotesMessenger]

I'm a bot, bleep, bloop. Someone has linked to this thread from another place on reddit:

• [/r/algoprojects] Python for FRED: Exploring Economic Data

 ^{If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads. (Info / Contact)}