National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for G7
Growth rate previous period
G7NAEXKP02GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
-43.79%
Date Range
4/1/1962 - 1/1/2025
Summary
The growth rate previous period measures the quarter-over-quarter percent change in nominal GDP. It is a key indicator of overall economic performance and growth trends.
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 metric represents the quarterly rate of change in nominal GDP, adjusting for inflation. It is widely used by economists, policymakers, and analysts to assess the pace and direction of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
The growth rate previous period is a closely watched indicator that informs monetary and fiscal policy decisions.
Key Facts
- GDP grew 2.9% in Q4 2022.
- The growth rate reached a high of 6.3% in Q2 2021.
- Negative growth rates signal economic recessions.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period measures the quarter-over-quarter percent change in nominal GDP, which reflects the overall pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is a critical indicator of macroeconomic performance and a key input for policymakers, businesses, and investors in assessing the health and trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The growth rate previous period is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions aimed at promoting stable economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a slight delay, and may be subject to revisions as more complete information becomes available.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for G7
G7LFINTTTTSTQ
Infra-Annual Labor Statistics: Unemployment Female: From 15 to 24 Years for G7
G7LFUN24FESTQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for G7
G7LRHUTTMASTM
Consumer Price Index: All items: Total: Total for G7
G7CPALTT01IXNBQ
Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for G7
G7LFUN64TTSTSAQ
Infra-Annual Labor Statistics: Working-Age Population Male: 15 Years or over for G7
G7LFWATTMASTQ
Citation
U.S. Federal Reserve, Growth rate previous period (G7NAEXKP02GPSAQ), retrieved from FRED.