Producer Prices Index: Economic activities: Manufacturing: Domestic for G7
Growth rate same period previous year, Quarterly
G7PIEAMP02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.91
Year-over-Year Change
-186.37%
Date Range
1/1/1983 - 1/1/2018
Summary
The 'Growth rate same period previous year, Quarterly' indicator measures the year-over-year change in gross domestic product (GDP) for a given quarter. This metric is crucial for understanding the overall pace and direction of the U.S. economic expansion.
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 GDP growth rate provides a comparison of the current quarter's GDP to the same quarter in the previous year, expressed as a percentage change. Economists and policymakers closely monitor this trend to assess the strength and sustainability of economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using GDP figures.
Historical Context
The year-over-year GDP growth rate is a key input for monetary and fiscal policy decisions.
Key Facts
- The U.S. GDP growth rate averaged 2.3% from 2010-2019.
- GDP growth contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth has rebounded to pre-pandemic levels as of 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' indicator measures the year-over-year change in the U.S. gross domestic product (GDP) for a given quarter.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a crucial metric for understanding the pace and direction of the overall U.S. economic expansion, making it highly relevant for 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 quarterly GDP figures.
Q: How is this trend used in economic policy?
A: The year-over-year GDP growth rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and government policymakers.
Q: Are there update delays or limitations?
A: The GDP growth data is typically released on a quarterly basis, with a modest delay from the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (G7PIEAMP02GYQ), retrieved from FRED.