Growth Rate Previous Period, Quarterly, Seasonally Adjusted
BPDBSE01CZQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.08
Year-over-Year Change
64.32%
Date Range
4/1/1993 - 4/1/2014
Summary
This economic trend measures the quarter-over-quarter growth rate of gross domestic product (GDP), adjusted for seasonal variations. It provides insight into the pace of 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 GDP growth rate is a key metric used by economists and policymakers to assess the overall health and trajectory of the U.S. economy. It helps identify periods of economic growth or recession and can inform monetary and fiscal policy decisions.
Methodology
This data is calculated by the Bureau of Economic Analysis using data from national income and product accounts.
Historical Context
The GDP growth rate is closely monitored by financial markets, businesses, and government agencies to gauge economic performance and guide investment and policy decisions.
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.
- Quarterly GDP growth rates can vary significantly based on economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of the U.S. 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 critical indicator of overall economic health and performance, used by policymakers, businesses, and investors to guide decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: The GDP growth rate informs monetary and fiscal policy decisions by the Federal Reserve and government, as it signals the pace of economic expansion or contraction.
Q: Are there update delays or limitations?
A: Quarterly GDP data is released with a lag of about a month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (BPDBSE01CZQ657S), retrieved from FRED.