Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Turkiye
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFACTTTTTRQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.72
Year-over-Year Change
-75.16%
Date Range
1/1/2006 - 7/1/2023
Summary
The 'Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted' metric tracks the quarter-over-quarter change in economic output, providing insights into the pace of economic growth.
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 measures the growth rate of real GDP in the United States on a quarterly basis, without seasonal adjustment. It is a key indicator used by economists and policymakers to assess the health and trajectory of the overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the change in real GDP from one quarter to the next.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The growth rate is expressed as a percentage change.
- Quarterly GDP data is released by the BEA about a month after each quarter ends.
- The not seasonally adjusted series captures the true quarter-over-quarter change without smoothing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percent change in real gross domestic product (GDP) in the United States, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a fundamental indicator of economic health and performance, providing insights into the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the change in real GDP from one quarter to the next.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The quarterly GDP data is released by the BEA about a month after each quarter ends, and the not seasonally adjusted series may exhibit more volatility than the seasonally adjusted figures.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFACTTTTTRQ657N), retrieved from FRED.