Production: Construction: Total construction: Total for G7
Growth rate same period previous year, Quarterly
G7PRCNTO01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.43
Year-over-Year Change
-103.85%
Date Range
1/1/1991 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year change in real GDP for the United States. This key economic indicator is closely watched by policymakers and analysts to gauge the overall health and trajectory 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
This growth rate measures the percent change in real GDP between a given quarter and the same quarter one year prior. It provides insight into the pace and direction of economic expansion or contraction compared to the prior year period.
Methodology
The data is calculated from the Bureau of Economic Analysis' quarterly real GDP estimates.
Historical Context
Policymakers and market participants use this indicator to inform economic and financial decisions.
Key Facts
- GDP grew 2.6% in Q4 2022 compared to Q4 2021.
- The 2022 annual GDP growth rate was 2.1%.
- Positive GDP growth indicates economic expansion.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in real GDP, providing insight into the pace of economic growth or contraction.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a key indicator of the overall health and direction of the U.S. economy, closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis from their quarterly real GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this GDP growth metric to inform monetary and fiscal policy decisions, as well as to assess the macroeconomic outlook.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the release of this quarterly GDP growth data by the Bureau of Economic Analysis.
Related Trends
Balance of Payments: Services: Balance (Revenue Minus Expenditure) for G7
G7B6BLSE01CXCUQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for G7
G7LFIN55MASTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for G7
G7LFINTTTTSTQ
Balance of Payments: Portfolio Investment: Net (Assets Minus Liabilities) for G7
G7B6FAPI10CXCUQ
Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for G7
G7LFUNTTTTSTQ
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for G7
G7LFUN24MASTQ
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (G7PRCNTO01GYSAQ), retrieved from FRED.