Growth Rate Previous Period, Quarterly, Seasonally Adjusted
BPDBSE01NOQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.66
Year-over-Year Change
-144.25%
Date Range
4/1/1994 - 4/1/2014
Summary
This economic trend measures the quarterly growth rate of gross domestic product (GDP) on a seasonally adjusted basis. It provides a key indicator of the overall health and momentum of the U.S. 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 GDP growth rate is a widely watched metric that reflects the percentage change in the total value of goods and services produced within the United States. Economists and policymakers closely monitor this statistic to assess economic performance and guide policy decisions.
Methodology
The GDP growth rate is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national income and product account data.
Historical Context
The GDP growth rate is a crucial input for Federal Reserve monetary policy and informs decision-making by businesses, investors, and consumers.
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.
- Rapid GDP growth is a key policy goal to boost employment and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in real gross domestic product (GDP), which is the total value of all goods and services produced in the United States, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a fundamental indicator of economic performance and a key input for monetary and fiscal policy decisions. It informs the strategies of businesses, investors, and consumers.
Q: How is this data collected or calculated?
A: The GDP growth rate is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national income and product account data.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and in the government closely monitor the GDP growth rate to assess the overall health of the economy and guide decisions on interest rates, government spending, and other policies.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released on a quarterly basis with a lag of approximately one month, providing timely but not real-time information on economic performance.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (BPDBSE01NOQ657S), retrieved from FRED.