Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Spain
Growth rate same period previous year, Quarterly
ESPPITGCD02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.32
Year-over-Year Change
390.80%
Date Range
1/1/1976 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' series measures the year-over-year growth rate of the Gross Domestic Product (GDP) in the United States on a quarterly basis. This trend is a key indicator of the overall health and performance 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 economic indicator provides insight into the pace of economic expansion or contraction compared to the same quarter in the previous year. It is widely tracked by economists, policymakers, and investors to assess the trajectory of the national economy and guide decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly GDP estimates.
Historical Context
The year-over-year GDP growth rate is a crucial input for economic analysis, monetary policy, and market forecasting.
Key Facts
- The average annual GDP growth rate in the U.S. is approximately 2-3%.
- Positive growth rates indicate an expanding economy, while negative rates signal a recession.
- Sustained high growth rates can lead to inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' series measures the year-over-year percent change in the U.S. Gross Domestic Product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic performance and a crucial input for policymakers, economists, and investors in assessing the overall health and trajectory 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 quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The year-over-year GDP growth rate is a crucial input for monetary policy decisions, as well as for market forecasting and economic analysis by institutions and investors.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of one to two months after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (ESPPITGCD02GYQ), retrieved from FRED.