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Growth rate same period previous year, Quarterly, Seasonally Adjusted
G7XTIMVA01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.81
Year-over-Year Change
-48.58%
Date Range
1/1/1971 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of gross domestic product (GDP) in the United States on a quarterly, seasonally adjusted basis. It provides important insights into 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
The growth rate same period previous year indicator tracks the percent change in real GDP compared to the same quarter in the prior year. This metric is widely used by economists, policymakers, and analysts to assess the strength and momentum of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. economy grew 2.9% year-over-year in Q4 2022.
- GDP growth has averaged 2.3% annually over the past decade.
- Positive GDP growth signals economic expansion, while negative growth indicates recession.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in real gross domestic product (GDP) in the United States on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key metric for assessing the overall health and momentum of the U.S. economy, making it essential for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official quarterly GDP figures.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this GDP growth rate trend to inform monetary and fiscal policy decisions aimed at promoting economic stability and prosperity.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a slight delay as the underlying GDP figures are finalized.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (G7XTIMVA01GYSAQ), retrieved from FRED.