Growth Rate Previous Period, Quarterly, Seasonally Adjusted
BPCRSE01O1Q657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.68
Year-over-Year Change
-54.59%
Date Range
4/1/1996 - 10/1/2002
Summary
This economic indicator measures the quarter-over-quarter growth rate of the U.S. Gross Domestic Product (GDP), adjusted for seasonal variations. It provides a timely gauge of the overall health and momentum of the national economy.
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 Previous Period, Quarterly, Seasonally Adjusted metric tracks the percentage change in real GDP from one quarter to the next. Economists and policymakers closely monitor this indicator to assess the pace of economic expansion or contraction and inform policy decisions.
Methodology
The data is calculated based on the Bureau of Economic Analysis' comprehensive GDP estimates.
Historical Context
This growth rate trend is widely referenced by investors, analysts, and government agencies to interpret current economic conditions and forecast future economic activity.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- Quarterly GDP growth rate turned negative in 2020 due to the COVID-19 pandemic.
- The fastest quarterly GDP growth rate on record was 16.9% in 1950.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter percent change in real Gross Domestic Product (GDP), adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key barometer of overall economic health and momentum, making it highly relevant for economists, policymakers, and investors analyzing current and future economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis based on their comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, closely monitor GDP growth rates to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is typically released by the Bureau of Economic Analysis on a quarterly basis, with a lag of about one month after the end of the quarter.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (BPCRSE01O1Q657S), retrieved from FRED.