Consumer Price Index: Total Food Excluding Restaurants for Estonia
Growth Rate Same Period Previous Year, Monthly
CPGDFD02EEM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.87
Year-over-Year Change
-53.31%
Date Range
1/1/1998 - 5/1/2018
Summary
This economic trend measures the year-over-year growth rate of GDP for the United States, providing insights into the overall health and trajectory of the national 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 Same Period Previous Year, Monthly indicator tracks the percent change in real gross domestic product (GDP) compared to the same month of the previous year. It offers a high-level perspective on economic expansion or contraction over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on the comprehensive national accounts.
Historical Context
This metric is closely monitored by policymakers, analysts, and businesses to assess macroeconomic conditions and inform decision-making.
Key Facts
- The GDP growth rate has averaged 2.3% annually since 1948.
- Positive growth rates indicate an expanding economy, while negative rates signal a contraction.
- GDP is the broadest measure of a country's economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key metric for assessing the overall health and trajectory of the national economy, informing policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor the GDP growth rate to gauge macroeconomic conditions and inform decision-making.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly (CPGDFD02EEM659N), retrieved from FRED.