Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Estonia
Growth rate same period previous year, Quarterly
ESTCP040400GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.61
Year-over-Year Change
262.68%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in gross domestic product (GDP) for the United States. This metric is a key indicator of economic growth and a critical input for economic analysis and policymaking.
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 quarterly growth rate compares the current quarter's GDP to the same quarter in the previous year. It provides insight into the pace and direction of the overall economy, signaling periods of expansion, contraction, or stagnation.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Historical Context
Policymakers and analysts closely monitor this indicator to assess the health of the economy and guide fiscal and monetary policies.
Key Facts
- GDP grew 2.4% year-over-year in Q4 2022.
- The growth rate reached a high of 6.9% in Q2 2021.
- Negative growth rates signal economic recessions.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year change in U.S. gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial metric for assessing the overall health and direction of the economy, informing economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to guide fiscal and monetary policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (ESTCP040400GYQ), retrieved from FRED.