Producer Prices Index: Type of Goods: Consumer Goods: Total for Luxembourg
Growth rate same period previous year, Quarterly
LUXPITGCG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.67
Year-over-Year Change
-399.40%
Date Range
1/1/1996 - 10/1/2022
Summary
This economic indicator measures the year-over-year growth rate of GDP on a quarterly basis. It provides insight into the pace of economic expansion or contraction.
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, Quarterly metric tracks the percentage change in real GDP compared to the same quarter in the prior year. This helps economists and policymakers assess the trajectory of the overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to gauge the health of the U.S. economy.
Key Facts
- The U.S. GDP growth rate averaged 2.3% from 1948 to 2022.
- Rapid GDP growth can signal economic recovery, while slow growth may indicate a recession.
- This metric is a lagging indicator, reflecting past economic performance.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percentage change in real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and trajectory of the U.S. economy, providing insight 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 based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other institutions to assess the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: As a lagging indicator, this data reflects past economic performance and may not capture the most recent trends.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (LUXPITGCG01GYQ), retrieved from FRED.