International Merchandise Trade Statistics: Imports: Commodities for G7
Growth rate previous period, Quarterly, Seasonally Adjusted
G7XTIMVA01GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.82
Year-over-Year Change
9.90%
Date Range
4/1/1970 - 1/1/2025
Summary
This economic trend measures the quarterly growth rate of real GDP, adjusted for seasonal variations. It is a key indicator used by economists and policymakers to assess the overall health and momentum 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
The growth rate previous period, quarterly, seasonally adjusted represents the percent change in real GDP from the previous quarter, with seasonal fluctuations removed. It provides insight into the pace and direction of economic expansion or contraction on a quarterly basis.
Methodology
This data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive measurements of gross domestic product.
Historical Context
Policymakers and analysts closely monitor this trend to inform economic and monetary policy decisions.
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.
- Quarterly GDP growth rebounded to 6.9% in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percent change in real gross domestic product (GDP), adjusted to remove seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical indicator of overall economic performance and momentum, used by policymakers, investors, and analysts to assess the health of the U.S. 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 comprehensive measurements of gross domestic product.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, closely monitor GDP growth to inform decisions on monetary policy, interest rates, and other economic interventions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (G7XTIMVA01GPSAQ), retrieved from FRED.