Growth Rate Previous Period, Quarterly
CPGDFD02G7Q657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-66.67%
Date Range
4/1/1970 - 7/1/2017
Summary
The Growth Rate Previous Period, Quarterly measures the quarter-over-quarter percent change in gross domestic product (GDP). This metric provides insight into the momentum and direction of the overall 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
This series tracks the quarterly change in real GDP, adjusted for inflation. Economists and policymakers closely monitor GDP growth to assess the health and trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic indicators.
Historical Context
GDP growth is a key input for Federal Reserve monetary policy decisions and informs market expectations.
Key Facts
- GDP grew 2.9% in Q4 2022 compared to the prior quarter.
- Quarterly GDP growth averaged 2.2% over the past 5 years.
- GDP growth is a primary gauge of the overall economic expansion.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly measures the quarter-over-quarter percent 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: GDP growth is a key indicator used by economists, policymakers, and market participants to assess the health and direction of the overall economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic indicators.
Q: How is this trend used in economic policy?
A: GDP growth is a primary input for Federal Reserve monetary policy decisions and helps inform market expectations about the broader economy.
Q: Are there update delays or limitations?
A: The GDP growth data is released on a quarterly basis with a lag of approximately one month after the end of the reference quarter.
Related Trends
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for G7
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for G7
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Consumer Price Index: All items: Total: Total for G7
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Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for G7
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly (CPGDFD02G7Q657N), retrieved from FRED.