Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Costa Rica
Quarterly
CRICP020000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.05
Year-over-Year Change
107.00%
Date Range
4/1/1995 - 10/1/2021
Summary
The Quarterly Gross Domestic Product (GDP) Growth Rate tracks the percentage 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 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 measures the rate of change in the total market value of all final goods and services produced within the United States during a given quarter. It is a widely followed economic indicator that provides insight into the overall strength and direction of the U.S. economy.
Methodology
The Bureau of Economic Analysis (BEA) collects data from various sources to calculate the Quarterly GDP Growth Rate.
Historical Context
Policymakers and analysts closely monitor the Quarterly GDP Growth Rate to gauge the performance of the U.S. economy and inform policy decisions.
Key Facts
- The U.S. GDP grew by 2.9% in the fourth quarter of 2022.
- The Quarterly GDP Growth Rate is released by the Bureau of Economic Analysis (BEA).
- GDP is the most comprehensive measure of economic activity in the United States.
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 crucial indicator of the overall health and performance of the U.S. economy, and it is closely watched by policymakers, investors, and economists to inform decision-making.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis (BEA) collects data from various sources to calculate the Quarterly GDP Growth Rate.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the Quarterly GDP Growth Rate to assess the state of the economy and 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 may be delays in the release of the data due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) Growth Rate (CRICP020000GPQ), retrieved from FRED.