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Growth rate same period previous year, Quarterly

FRAPITGND02GYQ • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

15.94

Year-over-Year Change

1900.26%

Date Range

1/1/1996 - 10/1/2022

Summary

The growth rate same period previous year, Quarterly measures the year-over-year percent change in real gross domestic product (GDP) for the United States. This metric provides insight into the momentum and direction of overall economic activity.

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 reflects the relative change in real GDP compared to the same quarter in the previous year. Economists and policymakers closely monitor this indicator to assess the health and trajectory of the broader economy.

Methodology

The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.

Historical Context

The growth rate same period previous year is a key input for evaluating economic policy and making investment decisions.

Key Facts

  • GDP grew 2.6% year-over-year in Q4 2022.
  • The growth rate reached a high of 12.2% in Q2 2021.
  • Negative growth rates signal an economic recession.

FAQs

Q: What does this economic trend measure?

A: This indicator measures the year-over-year percent change in real gross domestic product (GDP) for the United States on a quarterly basis.

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

A: The growth rate same period previous year is a critical metric for assessing the overall health and direction of the U.S. economy, making it important for policymakers, investors, and economic analysts.

Q: How is this data collected or calculated?

A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.

Q: How is this trend used in economic policy?

A: This growth rate is a key input for evaluating economic policy and making investment decisions, as it provides insight into the momentum and direction of overall economic activity.

Q: Are there update delays or limitations?

A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of several weeks after the end of the reference period.

Related Trends

Citation

U.S. Federal Reserve, Growth rate same period previous year, Quarterly (FRAPITGND02GYQ), retrieved from FRED.