Gross Domestic Product for Dominican Republic
Percent Change
DOMNGDPRPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.98
Year-over-Year Change
-29.91%
Date Range
1/1/1980 - 1/1/2030
Summary
The Percent Change trend measures the quarterly change in real Gross Domestic Product (GDP), providing insights into the overall health and growth 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
This important macroeconomic indicator tracks the rate of change in the country's total economic output, adjusted for inflation. It is closely monitored by policymakers, economists, and analysts to assess economic performance and inform decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic surveys and national accounting principles.
Historical Context
Percent Change in GDP is a key input for Federal Reserve policy and is closely watched by financial markets.
Key Facts
- GDP is the broadest measure of a country's economic activity.
- The U.S. economy grew by 6.9% in Q4 2021.
- Percent Change in GDP is reported quarterly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Percent Change trend measures the quarterly change in real Gross Domestic Product (GDP), which is the total value of all goods and services produced in the United States.
Q: Why is this trend relevant for users or analysts?
A: Percent Change in GDP is a crucial indicator of economic health and growth, providing insights that inform policymaking, investment decisions, and overall assessments of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic surveys and national accounting principles.
Q: How is this trend used in economic policy?
A: Percent Change in GDP is a key input for Federal Reserve policy and is closely watched by financial markets, as it reflects the overall health and growth trajectory of the U.S. economy.
Q: Are there update delays or limitations?
A: The Percent Change in GDP data is reported quarterly by the Bureau of Economic Analysis, with a typical delay of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Percent Change (DOMNGDPRPCH), retrieved from FRED.