Growth Rate Same Period Previous Year, Quarterly
CPGDFD02O1Q659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
-25.00%
Date Range
1/1/1971 - 7/1/2017
Summary
This economic trend measures the growth rate of real Gross Domestic Product (GDP) compared to the same period in the previous year, reported on a quarterly basis. It provides valuable insights into the overall performance and pace 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 of real GDP year-over-year is a key economic indicator used to assess the health and trajectory of the U.S. economy. It captures the percentage change in the inflation-adjusted value of all goods and services produced within the country over a one-year period.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their quarterly GDP reporting.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to inform economic forecasting and decision-making.
Key Facts
- The Q4 2022 year-over-year GDP growth rate was 1.0%.
- GDP growth has slowed from a peak of 12.2% in Q2 2021.
- The long-term average GDP growth rate is around 3.0%.
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, reported on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical indicator of the overall health and performance of the U.S. economy, used by policymakers, economists, and market analysts to inform decision-making and economic forecasting.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their quarterly GDP reporting.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor GDP growth rates to assess the state of the economy and guide decisions on monetary and fiscal policies aimed at promoting economic stability and prosperity.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published on a quarterly basis, with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly (CPGDFD02O1Q659N), retrieved from FRED.