Growth Rate Previous Period, Quarterly, Seasonally Adjusted
BPDBSE01TRQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.21
Year-over-Year Change
-47.63%
Date Range
4/1/1984 - 4/1/2014
Summary
The Growth Rate Previous Period, Quarterly, Seasonally Adjusted trend measures the quarter-over-quarter change in the U.S. economy's total output, providing insight into the pace of economic growth.
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
This metric tracks the quarterly growth rate of real gross domestic product (GDP), which is the most comprehensive indicator of the nation's economic performance. It is a closely watched statistic used by economists, policymakers, and market analysts to assess the health and direction of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and estimates of economic activity.
Historical Context
The growth rate trend is a key input for monetary and fiscal policy decisions.
Key Facts
- The U.S. economy grew 2.9% in Q4 2022 compared to the previous quarter.
- Quarterly GDP growth rates have averaged 2.3% over the past 10 years.
- The fastest quarterly GDP growth on record was 16.9% in Q3 1950.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly, Seasonally Adjusted measures the quarter-over-quarter change in real gross domestic product (GDP), the broadest indicator of U.S. economic activity.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate metric is a critical data point for economists, policymakers, and investors to assess the health and momentum 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 surveys and estimates of various economic activities.
Q: How is this trend used in economic policy?
A: Quarterly GDP growth rates are a key input for Federal Reserve monetary policy decisions and Congressional fiscal policy deliberations.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released by the Bureau of Economic Analysis with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (BPDBSE01TRQ657S), retrieved from FRED.