Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Portugal
Quarterly
CPGRLE01PTQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
-10.87%
Date Range
4/1/1970 - 10/1/2023
Summary
The Quarterly Gross Domestic Product (GDP) Growth Rate measures the change in the total value of goods and services produced in the United States over a three-month period. This metric is a key indicator of economic health and a key input for policymakers.
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 tracks the percentage change in the total inflation-adjusted value of all final goods and services produced within the United States during a given quarter. This statistic is a widely-watched barometer of the country's overall economic performance and a primary driver of monetary and fiscal policy decisions.
Methodology
The Bureau of Economic Analysis (BEA) calculates this series based on estimates of gross domestic product.
Historical Context
The Quarterly GDP Growth Rate helps inform interest rate adjustments, government spending, and market expectations.
Key Facts
- The U.S. economy grew 2.9% in Q4 2022.
- Quarterly GDP is released about a month after each quarter ends.
- GDP is a comprehensive measure of economic activity.
FAQs
Q: What does this economic trend measure?
A: The Quarterly GDP Growth Rate measures the percentage change in the total value of goods and services produced in the United States over a three-month period.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly GDP Growth Rate is a key indicator of overall economic health and a primary input for monetary and fiscal policy decisions by the Federal Reserve and government.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates this series based on estimates of gross domestic product.
Q: How is this trend used in economic policy?
A: The Quarterly GDP Growth Rate helps inform interest rate adjustments, government spending, and market expectations.
Q: Are there update delays or limitations?
A: Quarterly GDP data is released about a month after each quarter ends, with revisions in subsequent months.
Related Trends
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Harmonized Index of Consumer Prices: Bread and Cereals for Portugal
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Sales: Retail Trade: Total Retail Trade: Value for Portugal
SLRTTO02PTQ661S
Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Portugal
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Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Portugal
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Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) Growth Rate (CPGRLE01PTQ657N), retrieved from FRED.