Consumer Price Index: Total Food Excluding Restaurants for Sweden
Growth Rate Previous Period, Quarterly
CPGDFD02SEQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.69
Year-over-Year Change
-7.94%
Date Range
1/1/1960 - 1/1/2018
Summary
The Quarterly Growth Rate Previous Period measures the quarter-over-quarter change in real Gross Domestic Product (GDP). This key economic indicator provides insight into the pace and direction of economic growth.
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 Quarterly Growth Rate Previous Period is a seasonally adjusted, annualized measure of the percentage change in real GDP from the previous quarter. It is a widely followed metric that reflects the overall health and momentum of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic accounts.
Historical Context
Policymakers and analysts use this metric to assess economic performance and guide decisions on monetary and fiscal policy.
Key Facts
- GDP grew at an annualized rate of 2.9% in Q4 2022.
- The growth rate has averaged 2.3% over the past 10 years.
- Rapid GDP growth can lead to higher inflation and interest rate hikes.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Growth Rate Previous Period measures the quarter-over-quarter percentage change in real Gross Domestic Product (GDP), a key indicator of overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the pace and direction of economic growth, which is crucial for policymakers, businesses, and investors in making informed decisions.
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 accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess economic performance and guide decisions on monetary and fiscal policy, such as interest rate adjustments and government spending.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a delay of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly (CPGDFD02SEQ657N), retrieved from FRED.