Growth Rate Previous Period, Quarterly
CPGDFD02O1Q657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-33.33%
Date Range
4/1/1970 - 7/1/2017
Summary
The Gross Domestic Product (GDP) Growth Rate Previous Period, Quarterly indicator measures the quarter-over-quarter change in the total value of goods and services produced in the United States. It is a key metric for assessing economic growth and performance.
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 Previous Period, Quarterly statistic represents the percentage change in real GDP from the previous quarter. It provides insight into the pace and direction of economic expansion or contraction, which is critical information for policymakers, businesses, and investors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic accounts and surveys.
Historical Context
This growth metric is widely used to evaluate the overall health of the U.S. economy and guide fiscal and monetary policy decisions.
Key Facts
- The GDP growth rate is annualized to reflect a full year's worth of growth.
- GDP growth above 2-3% is generally considered healthy economic expansion.
- Negative GDP growth signals an economic recession.
FAQs
Q: What does this economic trend measure?
A: The GDP Growth Rate Previous Period, Quarterly indicator measures the quarter-over-quarter change in real gross domestic product, the total value of goods and services produced in the United States.
Q: Why is this trend relevant for users or analysts?
A: This growth metric is a crucial barometer of economic health and performance, providing insight into the pace and direction of expansion or contraction, which informs policy decisions and business/investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic accounts and surveys.
Q: How is this trend used in economic policy?
A: The GDP growth rate is widely used by policymakers, economists, and institutions to evaluate the overall state of the U.S. economy and guide fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a brief delay to allow for comprehensive data collection and analysis.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly (CPGDFD02O1Q657N), retrieved from FRED.