National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Switzerland
Growth rate previous period, Annual
NAEXKP01CHA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.38
Year-over-Year Change
16.70%
Date Range
1/1/1981 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in real GDP, providing insight into the pace of economic growth and expansion.
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 metric tracks the annual percent change in real gross domestic product (GDP), a comprehensive indicator of a country's overall economic activity and productivity. It is a key statistic used by economists and policymakers to analyze economic trends and inform decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts data.
Historical Context
This economic growth rate is closely monitored by the Federal Reserve and other institutions to assess 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 an overheating economy and inflationary pressures.
- Negative GDP growth indicates an economic recession.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' metric measures the year-over-year percent change in real gross domestic product (GDP), a comprehensive indicator of a country's overall economic activity and productivity.
Q: Why is this trend relevant for users or analysts?
A: This growth rate statistic is a key indicator used by economists, policymakers, and analysts to assess the health and trajectory of the U.S. economy. It provides 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 national accounts data.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other institutions to evaluate the state of the economy and inform policy decisions, such as adjustments to interest rates.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a lag of approximately one month after the end of the previous quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP01CHA657S), retrieved from FRED.