Producer Prices Index: Economic Activities: Industrial Activities: Total for Luxembourg
Growth rate previous period, Quarterly
LUXPIEATI01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
-1692.03%
Date Range
4/1/1980 - 10/1/2022
Summary
The Growth Rate Previous Period, Quarterly measures the quarter-over-quarter change in real gross domestic product. This key economic indicator provides insight into the pace and direction 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 represents the percentage change in real GDP from the previous quarter. It is a widely watched metric used by policymakers, analysts, and economists to assess the overall health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive quarterly GDP estimates.
Historical Context
The growth rate is a critical input for monetary and fiscal policy decisions made by the Federal Reserve and U.S. government.
Key Facts
- The U.S. economy grew 2.9% in Q4 2022 vs. the prior quarter.
- Quarterly GDP growth averaged 2.3% in 2022.
- Economic growth is a key target for the Federal Reserve's policies.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarter-over-quarter percentage change in real gross domestic product, which is the broadest indicator of U.S. economic activity.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial metric used by policymakers, businesses, and economists to assess the overall health and direction 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 its comprehensive quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and U.S. government to support economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published on a quarterly basis with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (LUXPIEATI01GPQ), retrieved from FRED.