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Growth rate same period previous year, Quarterly

FRAPIEAEN02GYQ • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

43.56

Year-over-Year Change

-2528.35%

Date Range

1/1/1996 - 10/1/2022

Summary

The 'Growth rate same period previous year, Quarterly' series measures the year-over-year change in real GDP for the United States. This metric is a key indicator of the overall health and direction 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 quarterly growth rate statistic compares the current quarter's real GDP to the same quarter in the previous year. It provides insight into the pace and trajectory of economic expansion or contraction over time, which is crucial information for policymakers, analysts, and businesses.

Methodology

The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts statistics.

Historical Context

Policymakers and market participants closely monitor this metric to assess macroeconomic conditions and guide decision-making.

Key Facts

  • The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
  • GDP growth slowed to 2.2% in 2019 before the COVID-19 pandemic.
  • Quarterly GDP growth rates can be volatile and subject to revisions.

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 real GDP for the United States.

Q: Why is this trend relevant for users or analysts?

A: This metric provides crucial insight into the pace and direction of the U.S. economic expansion or contraction, which is essential information for policymakers, businesses, and market participants.

Q: How is this data collected or calculated?

A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts statistics.

Q: How is this trend used in economic policy?

A: Policymakers and analysts closely monitor this GDP growth rate metric to assess macroeconomic conditions and guide decisions around monetary and fiscal policy.

Q: Are there update delays or limitations?

A: Quarterly GDP growth rates can be subject to revisions as more complete data becomes available, and may experience some publication delays.

Related Trends

Citation

U.S. Federal Reserve, Growth rate same period previous year, Quarterly (FRAPIEAEN02GYQ), retrieved from FRED.