Consumer Price Index: Total Food Excluding Restaurants for Norway
Growth Rate Previous Period, Annual
CPGDFD02NOA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-99.49%
Date Range
1/1/1979 - 1/1/2017
Summary
The Growth Rate Previous Period, Annual measures the year-over-year change in real GDP. It is a key indicator of overall economic growth and a focus for policymakers and analysts.
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 annual growth rate metric compares the current quarter's real GDP to the same quarter one year prior. It provides a broader perspective on economic expansion beyond quarter-to-quarter fluctuations.
Methodology
The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly real GDP estimates.
Historical Context
Policymakers and economists closely monitor this indicator to assess the health and trajectory of the overall economy.
Key Facts
- GDP grew 2.6% year-over-year in Q4 2022.
- The annual growth rate averaged 2.4% over the past decade.
- This metric helps identify periods of economic expansion and recession.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Annual measures the year-over-year change in real gross domestic product (GDP), providing a gauge of overall economic growth.
Q: Why is this trend relevant for users or analysts?
A: This annual GDP growth rate is a key indicator used by policymakers, economists, and investors to assess the broader trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly real GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor GDP growth to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is subject to revisions by the Bureau of Economic Analysis and may not be available in real-time.
Related Trends
Amount Outstanding Due within One Year of International Debt Securities for Non-financial Corporations Sector, Residence of Issuer in Norway
IDS1YMAORINCNO
Leading Indicators OECD: Leading indicators: CLI: Trend restored for Norway
NORLOLITOTRGYSAM
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Norway
NORIMPORTQDSMEI
Stock Market Total Value Traded to GDP for Norway
DDDM02NOA156NWDB
International Merchandise Trade Statistics: Imports: Commodities for Norway
NORXTIMVA01CXMLM
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Norway
LRUN74TTNOQ156S
Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual (CPGDFD02NOA657N), retrieved from FRED.