Consumer Price Index: Total Food Excluding Restaurants for Austria
Growth Rate Previous Period, Quarterly
CPGDFD02ATQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
-70.61%
Date Range
1/1/1960 - 1/1/2018
Summary
The Growth Rate Previous Period, Quarterly metric measures the quarter-over-quarter growth rate of real gross domestic product (GDP). This data point is a key indicator of overall economic performance and momentum.
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 quarterly growth rate reflects the annualized percentage change in real GDP compared to the previous quarter. It is a widely watched economic indicator used by policymakers, analysts, and businesses to assess the strength and direction of the US economy.
Methodology
The Bureau of Economic Analysis calculates this metric based on its comprehensive GDP data.
Historical Context
The growth rate provides insight into the pace of economic expansion or contraction, informing decisions by the Federal Reserve and other institutions.
Key Facts
- The growth rate reached a low of -31.2% in Q2 2020 during the COVID-19 pandemic.
- Positive growth rates indicate an expanding economy, while negative values signal a contracting economy.
- The average quarterly growth rate from 1947 to 2022 is 3.1%.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly metric measures the annualized percentage change in real gross domestic product (GDP) from one quarter to the next.
Q: Why is this trend relevant for users or analysts?
A: This growth rate is a key indicator of overall economic performance and momentum, providing insight into the pace of expansion or contraction that informs decisions by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates this metric based on its comprehensive GDP data.
Q: How is this trend used in economic policy?
A: The growth rate is closely monitored by the Federal Reserve and other institutions to assess the strength of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a short lag period between the end of the quarter and the publication of the growth rate.
Related Trends
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Austria
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AUTCP040000GPM
International Trade: Exports: Value (Goods): Total for Austria
XTEXVA01ATQ188S
Consumer Price Index: Recreation and Culture (COICOP 09): Total for Austria
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Central government debt, total (% of GDP) for Austria
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly (CPGDFD02ATQ657N), retrieved from FRED.