Producer Prices Index: Economic activities: Manufacturing: Domestic for G7
Growth rate previous period, Quarterly
G7PIEAMP02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
-141.31%
Date Range
4/1/1982 - 1/1/2018
Summary
The 'Growth rate previous period, Quarterly' trend measures the quarter-over-quarter percentage change in real gross domestic product (GDP), providing insight into the pace of economic growth.
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 indicator tracks the quarterly change in real GDP, adjusting for inflation to isolate the underlying economic activity. It is a key metric used by economists and policymakers to assess the overall health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
Analysts and policymakers closely monitor GDP growth to inform decisions around fiscal and monetary policies.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Rapid GDP growth is a key indicator of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' metric measures the quarter-over-quarter percentage change in real gross domestic product (GDP), adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a fundamental indicator of overall economic health and performance, making this a key metric tracked by 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 using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor GDP growth to inform decisions around fiscal and monetary policies aimed at promoting economic stability and expansion.
Q: Are there update delays or limitations?
A: The GDP growth data is released quarterly by the Bureau of Economic Analysis, with a typical 1-month lag between the end of the quarter and the data publication.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (G7PIEAMP02GPQ), retrieved from FRED.