International Merchandise Trade Statistics: Imports: Commodities for Costa Rica
Growth rate same period previous year, Quarterly, Seasonally Adjusted
CRIXTIMVA01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.71
Year-over-Year Change
-91.84%
Date Range
1/1/1996 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly, seasonally adjusted basis. It provides insight into the pace of economic expansion or contraction.
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 same period previous year is a key indicator used by economists and policymakers to analyze the overall health and trajectory of the U.S. economy. It helps identify periods of accelerating or decelerating growth compared to the prior year.
Methodology
This metric is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
Analysts and institutions closely monitor this trend to inform economic forecasting, monetary policy decisions, and assessments of the broader business cycle.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth has ranged from -31.2% to 33.8% since 1947.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in real GDP on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical indicator of the overall health and trajectory of the U.S. economy, informing economic forecasts, policy decisions, and assessments of the business cycle.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor GDP growth to guide monetary policy, fiscal measures, and assessments of the broader economy.
Q: Are there update delays or limitations?
A: This data is released quarterly by the Bureau of Economic Analysis, with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (CRIXTIMVA01GYSAQ), retrieved from FRED.