Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Luxembourg
Growth rate same period previous year, Quarterly
LUXPIEAMI01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.05
Year-over-Year Change
189.95%
Date Range
1/1/1996 - 10/1/2022
Summary
The growth rate same period previous year, Quarterly measures the year-over-year change in real GDP for the United States. This metric is a key indicator of the overall health and direction of the US 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 economic trend represents the annualized rate of change in real GDP compared to the same quarter in the previous year. It provides insight into the pace and momentum of economic growth over time, which is a critical factor for policymakers, businesses, and investors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly GDP estimates.
Historical Context
This growth rate trend is closely watched by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- Quarterly GDP growth rate averages 2.3% since 1947.
- The highest annual GDP growth rate was 13.4% in 1950.
- The lowest annual GDP growth rate was -3.5% in 2009.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real GDP, providing insight into the pace of economic growth over time.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and direction of the US economy, making it crucial 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 quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other economic institutions closely monitor this growth rate trend to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a typical delay of one month after the end of the reference period.
Related Trends
International Trade: Imports: Value (Goods): Total for Luxembourg
XTIMVA01LUA188S
Employment to Population Rate: All Ages: Females for Luxembourg
LREPTTFELUQ156N
Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Luxembourg
LUXB6CATT01CXCUQ
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg
LUXPROCONAISMEI
Infra-Annual Labor Statistics: Employment Female: From 15 to 74 Years for Luxembourg
LFEM74FELUA657S
Consumer Price Index: Harmonized Prices: Services: Total for Luxembourg
LUXCPHPSE01GPM
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (LUXPIEAMI01GYQ), retrieved from FRED.