Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
BPCRSE01O1Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.14
Year-over-Year Change
748.29%
Date Range
1/1/1997 - 10/1/2002
Summary
This economic indicator measures the year-over-year growth rate of GDP in the United States on a quarterly basis, adjusted for seasonal factors. It provides insight into the pace and direction of overall economic activity.
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 GDP growth rate year-over-year is a key metric used by economists and policymakers to assess the health and trajectory of the U.S. economy. It tracks the change in real gross domestic product compared to the same quarter of the prior year.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Historical Context
Analysts and institutions monitor this growth rate to inform economic forecasts, monetary policy decisions, and assessments of the business cycle.
Key Facts
- GDP grew 2.7% year-over-year in Q4 2022.
- The growth rate peaked at 12.2% in Q2 2021 as the economy rebounded from the COVID-19 recession.
- Quarterly GDP growth rates can be volatile and subject to revisions.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of real gross domestic product (GDP) in the United States on a quarterly basis, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate year-over-year is a key metric used by economists and policymakers to assess the overall health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Q: How is this trend used in economic policy?
A: Analysts and institutions monitor this growth rate to inform economic forecasts, monetary policy decisions, and assessments of the business cycle.
Q: Are there update delays or limitations?
A: Quarterly GDP growth rates can be volatile and subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (BPCRSE01O1Q659S), retrieved from FRED.