International Merchandise Trade Statistics: Exports: Commodities for G20
Growth rate same period previous year, Quarterly, Seasonally Adjusted
G20XTEXVA01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.63
Year-over-Year Change
-84.26%
Date Range
1/1/2003 - 1/1/2025
Summary
This economic trend measures the growth rate of real gross domestic product (GDP) compared to the same quarter in the previous year, seasonally adjusted. It provides insights into the pace of economic expansion or contraction.
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
The growth rate same period previous year, quarterly, seasonally adjusted metric offers a standardized way to evaluate GDP growth over time, adjusting for seasonal variations. Economists and policymakers closely monitor this indicator to gauge the overall health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly GDP figures.
Historical Context
This trend is a key input for economic analysis and forecasting, informing monetary and fiscal policy decisions.
Key Facts
- GDP grew 2.9% in Q4 2022 compared to Q4 2021.
- This trend reached a high of 7.5% in Q2 2021.
- Negative growth rates indicate an economic recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real gross domestic product (GDP) in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and trajectory of the U.S. economy, making it highly relevant for economists, policymakers, and market analysts.
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 figures.
Q: How is this trend used in economic policy?
A: This GDP growth rate trend is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy, with implications for interest rates, government spending, and other economic levers.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly, with a standard delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (G20XTEXVA01GYSAQ), retrieved from FRED.