pandas-datareader PackageThe pandas-datareader package provides an interface to several different remote data sources, including FRED, AlphaVantage, etc.
FRED (Federal Reserve Economic Data) provides a wide range of economic datasets covering various aspects such as national accounts, labor markets, prices, interest rates, exchange rates, and more.
We can access FRED datasets directly in Python using the pandas_datareader package, as follows:
from pandas_datareader import get_data_fred
dataset_id = "GDP" # quarterly
#df = get_data_fred(dataset_id)
df = get_data_fred(dataset_id, start="2001-01-01", end="2023-01-01")
df.head()| GDP | |
|---|---|
| DATE | |
| 2001-01-01 | 10470.231 |
| 2001-04-01 | 10599.000 |
| 2001-07-01 | 10598.020 |
| 2001-10-01 | 10660.465 |
| 2002-01-01 | 10783.500 |
The dataset identifier “GDP” corresponds with a given dataset on the FRED website.