Growth Rate Previous Period, Quarterly, Seasonally Adjusted
LFACTTMAG7Q657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-61.11%
Date Range
4/1/2003 - 4/1/2017
Summary
The Growth Rate Previous Period, Quarterly, Seasonally Adjusted tracks the quarter-over-quarter percent change in overall economic activity, a key indicator of economic health and a measure used by policymakers.
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 series represents the quarterly percent change in real gross domestic product (GDP), the broadest measure of economic output. It is a widely-referenced indicator of a country's economic performance and a primary data point analyzed by economists, central banks, and government agencies.
Methodology
The U.S. Bureau of Economic Analysis calculates this metric based on its comprehensive GDP estimates.
Historical Context
Policymakers and analysts closely monitor this trend to assess the economy's trajectory and inform fiscal and monetary policy decisions.
Key Facts
- GDP growth rate averaged 2.3% annually from 1948 to 2022.
- The U.S. economy contracted in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth has ranged from -31.2% to 33.8% since 1947.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the quarter-over-quarter percent change in real gross domestic product (GDP), the broadest measure of a country's economic output and activity.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of overall economic health and performance, used by policymakers, central banks, and analysts to assess the trajectory of the economy and inform policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the economy's trajectory and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly with a short delay, and can be subject to revisions as more complete information becomes available.
Related Trends
Infra-Annual Labor Statistics: Employment Rate Male: 15 Years or over for G7
G7LREMTTMASTQ
Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for G7
G7LFAC55TTSTSAQ
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for G7
G7LFAC24MASTQ
Infra-Annual Labor Statistics: Employees Total for G7
G7LFESEETTSTSAQ
Infra-Annual Labor Statistics: Employment Total: 15 Years or over for G7
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Composite Leading Indicators: Composite Leading Indicator (CLI) Normalized for G7
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (LFACTTMAG7Q657S), retrieved from FRED.