Consumer Price Index: Total Food Excluding Restaurants for Canada
Growth Rate Same Period Previous Year, Quarterly
CPGDFD02CAQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.16
Year-over-Year Change
-74.75%
Date Range
1/1/1962 - 1/1/2018
Summary
This trend measures the year-over-year growth rate of real Gross Domestic Product (GDP) in the United States on a quarterly basis. It is a key economic indicator used to assess 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 Growth Rate Same Period Previous Year, Quarterly trend provides a measure of real GDP growth compared to the same quarter of the previous year. This comparison helps identify long-term economic trends and patterns by adjusting for seasonal variations in the data.
Methodology
The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly real GDP estimates.
Historical Context
Policymakers and analysts closely monitor this trend to understand the pace of economic expansion or contraction and inform macroeconomic decisions.
Key Facts
- Quarterly GDP growth averaged 2.3% from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- GDP growth rebounded to 6.9% in Q4 2021 as the economy recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real Gross Domestic Product (GDP) in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and momentum of the U.S. economy, and is closely watched by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly real GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the pace of economic expansion or contraction and inform macroeconomic decisions, such as monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of about a month after the end of the quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly (CPGDFD02CAQ659N), retrieved from FRED.