Consumer Price Index: Total Food Excluding Restaurants for Australia
Growth Rate Same Period Previous Year, Quarterly
CPGDFD02AUQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.25
Year-over-Year Change
-115.33%
Date Range
7/1/1976 - 1/1/2018
Summary
This economic trend measures the year-over-year growth rate of gross domestic product (GDP) on a quarterly basis. 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 Growth Rate Same Period Previous Year, Quarterly trend tracks the percent change in real GDP from the same quarter in the previous year. This indicator is widely used by economists and policymakers to analyze the trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its quarterly GDP estimates.
Historical Context
Analysts and institutions closely monitor this trend to assess the health of the U.S. economy and inform economic policy decisions.
Key Facts
- Measured as year-over-year percent change in real GDP
- Provides a gauge of the overall economic momentum
- Data is released quarterly by the Bureau of Economic Analysis
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and trajectory of the U.S. economy, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and institutions closely monitor this trend to assess the state of the economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a slight delay to allow for comprehensive data collection and analysis by the Bureau of Economic Analysis.
Related Trends
General government net lending/borrowing for Australia
GGNLBAAUA188N
Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Australia
AUSFCBODCANUM
Value of Exports to Australia from New York
NYAUSA052SCEN
Infra-Annual Labor Statistics: Working-Age Population Female: From 55 to 64 Years for Australia
LFWA55FEAUA647S
Amount Outstanding of Total Debt Securities for All Issuers, All Maturities, Residence of Issuer in Australia
TDSAMRIAOAIAU
Weekly Earnings: Manufacturing for Australia
LCEAMN02AUQ661N
Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly (CPGDFD02AUQ659N), retrieved from FRED.