Consumer Price Index: Total Food Excluding Restaurants for Sweden
Growth Rate Same Period Previous Year, Quarterly
CPGDFD02SEQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.05
Year-over-Year Change
19.99%
Date Range
1/1/1960 - 1/1/2018
Summary
This economic trend measures the year-over-year growth rate of real Gross Domestic Product (GDP) in the United States on a quarterly basis. It is a key indicator of the overall health and trajectory 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 from the same quarter in the previous year provides a broader perspective on economic expansion or contraction compared to quarter-over-quarter changes. This trend is widely used by economists, policymakers, and market analysts to assess the pace of economic growth and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
The year-over-year GDP growth rate is a crucial input for monetary and fiscal policy decisions.
Key Facts
- The U.S. economy grew 2.9% year-over-year in Q4 2022.
- GDP growth rates can vary significantly across quarters and years.
- Positive year-over-year GDP growth indicates an expanding economy.
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 on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year GDP growth rate is a crucial indicator of the overall health and trajectory of the U.S. economy, used by economists, policymakers, and market analysts to assess the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: The year-over-year GDP growth rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and government institutions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of about one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly (CPGDFD02SEQ659N), retrieved from FRED.