International Merchandise Trade Statistics: Imports: Commodities for G20
Growth rate same period previous year, Quarterly, Seasonally Adjusted
G20XTIMVA01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.75
Year-over-Year Change
-73.41%
Date Range
1/1/2003 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of real GDP in the United States on a quarterly, seasonally adjusted basis. It is a key indicator of overall economic performance and a crucial input for policymakers and analysts.
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 indicator provides insight into the pace of economic expansion or contraction compared to the prior year's corresponding quarter. This metric helps economists and policymakers assess the broader macroeconomic climate and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on the comprehensive set of national accounts data.
Historical Context
This trend is widely used by the Federal Reserve, government agencies, and private-sector analysts to monitor the health of the U.S. economy and inform policy and investment decisions.
Key Facts
- GDP grew 2.6% year-over-year in Q4 2022.
- The trend reached a high of 7.8% in Q2 2021.
- This indicator has been published by the Federal Reserve since 1947.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real GDP in the United States on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of overall economic performance and helps economists and policymakers assess the broader macroeconomic climate.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on the comprehensive set of national accounts data.
Q: How is this trend used in economic policy?
A: This trend is widely used by the Federal Reserve, government agencies, and private-sector analysts to monitor the health of the U.S. economy and inform policy and investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, providing timely information on the pace of economic growth.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (G20XTIMVA01GYSAQ), retrieved from FRED.