National Accounts: GDP by Expenditure: Constant Prices: Less Imports of Goods and Services for G7
Growth rate same period previous year
G7NAEXKP07GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.94
Year-over-Year Change
-37.01%
Date Range
1/1/1963 - 1/1/2025
Summary
The Growth Rate Same Period Previous Year measures the year-over-year change in economic growth, providing insight into the pace and trajectory of a country's economic performance.
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 compares a country's current economic growth rate to the same period in the previous year, allowing analysts to assess whether the economy is accelerating, decelerating, or maintaining a steady pace. It is a widely used indicator for evaluating the overall health and direction of a national economy.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts data.
Historical Context
Policymakers and market participants closely monitor this trend to inform decisions and expectations around fiscal, monetary, and investment strategies.
Key Facts
- The Growth Rate Same Period Previous Year is reported quarterly.
- The metric compares the current quarter's GDP growth to the same quarter in the prior year.
- It is a key indicator of a country's economic momentum and business cycle position.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year measures the year-over-year change in a country's economic growth rate, providing insight into the pace and trajectory of the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a widely used indicator for evaluating the overall health and direction of a national economy, informing decisions and expectations around fiscal, monetary, and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this trend to gauge a country's economic momentum and business cycle position, which informs their decisions and expectations.
Q: Are there update delays or limitations?
A: The Growth Rate Same Period Previous Year is reported quarterly, with a typical update delay of several weeks following the end of the reference period.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 15 Years or over for G7
G7LRHUTTFESTM
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for G7
G7LFEM55MAGPSAQ
Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for G7
G7B6FATT01CXCUQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for G7
G7CPGRLE01GYQ
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for G7
G7LFUN24MASTQ
Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for G7
G7LFAC55TTSTSAQ
Citation
U.S. Federal Reserve, Growth rate same period previous year (G7NAEXKP07GYSAQ), retrieved from FRED.