Consumer Price Index: Food and non-Alcoholic beverages (COICOP 01): Total: Total for G7
Quarterly
G7CP010000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
18.75%
Date Range
4/1/1970 - 1/1/2018
Summary
The Quarterly Gross Domestic Product (GDP) measures the total economic output of the United States on a quarterly basis. It is a key indicator used by policymakers and analysts to assess the 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
The Quarterly GDP is a comprehensive measure of the value of all goods and services produced within the United States during a given quarter. It is a widely referenced economic statistic that provides insights into economic growth, consumer spending, business investment, and other macroeconomic trends.
Methodology
The Quarterly GDP is calculated by the U.S. Bureau of Economic Analysis using data collected from a variety of sources, including business surveys and government records.
Historical Context
The Quarterly GDP is closely monitored by the Federal Reserve, Congress, and private sector analysts to inform economic and policy decisions.
Key Facts
- The Quarterly GDP is released by the Bureau of Economic Analysis approximately one month after the end of each quarter.
- The United States is the world's largest economy, accounting for over 20% of global GDP.
- Quarterly GDP growth is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Gross Domestic Product (GDP) measures the total value of all goods and services produced in the United States during a given three-month period.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly GDP is a widely watched indicator that provides insights into the overall health and direction of the U.S. economy, which is crucial for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The Quarterly GDP is calculated by the U.S. Bureau of Economic Analysis using data from business surveys, government records, and other sources.
Q: How is this trend used in economic policy?
A: The Quarterly GDP is a key input for the Federal Reserve's monetary policy decisions, as well as for congressional and executive branch economic policymaking.
Q: Are there update delays or limitations?
A: The Quarterly GDP is released approximately one month after the end of each quarter, and the data is subject to revisions as more information becomes available.
Related Trends
National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for G7
G7NAEXKP06IXOBSAQ
Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for G7
G7LFEM25MAGPQ
Composite Leading Indicators: Composite Leading Indicator (CLI) Trend Restored for G7
G7LOLITOTRGYSAM
Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for G7
G7LFACTTTTGPQ
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for G7
G7PRINTO01IXOBSAQ
Production: Industry: Total industry: Total industry excluding construction for G7
G7PRINTO01GPSAQ
Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (G7CP010000GPQ), retrieved from FRED.