Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
BPCRSE01G7A659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.81
Year-over-Year Change
-571.74%
Date Range
1/1/1996 - 1/1/2013
Summary
This economic trend measures the year-over-year growth rate in real gross domestic product (GDP) on an annual, non-seasonally adjusted basis. It provides important insights into the overall pace and direction of U.S. economic expansion or contraction.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The growth rate same period previous year is a key indicator of the long-term trajectory of the U.S. economy. It compares the current year's GDP to the previous year, offering a big-picture perspective on economic performance and helping policymakers and analysts assess the strength and sustainability of economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using real GDP figures.
Historical Context
This trend is widely used by economists, investors, and policymakers to gauge the health of the U.S. economy and inform decision-making.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Growth rebounded to 5.7% in 2021 as the economy recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in real gross domestic product (GDP) on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall pace and direction of U.S. economic expansion or contraction, helping policymakers and analysts assess the strength and sustainability of economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using real GDP figures.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, investors, and policymakers to gauge the health of the U.S. economy and inform decision-making.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a brief delay, providing a timely and comprehensive assessment of economic growth.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (BPCRSE01G7A659S), retrieved from FRED.