Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Finland
Quarterly
CPGREN01FIQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.50
Year-over-Year Change
-229.38%
Date Range
1/1/1960 - 7/1/2023
Summary
The Quarterly Gross Domestic Product (GDP) Growth Rate measures the change in the total value of goods and services produced in the U.S. economy over a three-month period. It is a key indicator of overall economic health and a primary driver of policy decisions.
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 GDP Growth Rate represents the annualized percentage change in the inflation-adjusted value of all final goods and services produced within the United States. Economists and policymakers closely monitor this metric to gauge the strength and direction of the broader economy.
Methodology
The U.S. Bureau of Economic Analysis (BEA) calculates this growth rate based on data collected through surveys of businesses and households.
Historical Context
The Quarterly GDP Growth Rate is widely used by the Federal Reserve, Congressional Budget Office, and private analysts to inform monetary and fiscal policy decisions.
Key Facts
- The GDP growth rate averaged 2.3% annually from 1947 to 2022.
- Quarterly GDP growth rates can vary significantly, from -31.2% in Q2 2020 to 33.8% in Q3 2020.
- The GDP growth rate is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly GDP Growth Rate measures the annualized percentage change in the total value of goods and services produced in the U.S. economy over a three-month period.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly GDP Growth Rate is a crucial indicator of overall economic health and a primary driver of policy decisions by the Federal Reserve, Congress, and other policymakers.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis (BEA) calculates the Quarterly GDP Growth Rate based on data collected through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: The Quarterly GDP Growth Rate is closely monitored by the Federal Reserve, Congressional Budget Office, and private analysts to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly GDP Growth Rate is subject to revisions as more complete data becomes available, and there can be a delay of several weeks between the end of a quarter and the initial release of the growth rate.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Finland
LRHUTTTTFIM156S
Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Finland
FINB6FATC01CXCUQ
Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Finland
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Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Finland
FINFCLODCHXDC
U.S. Imports of Goods by Customs Basis from Finland
IMP4050
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for Finland
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) Growth Rate (CPGREN01FIQ657N), retrieved from FRED.