Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
NAEXKP01G2Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.57
Year-over-Year Change
0.85%
Date Range
1/1/1999 - 4/1/2017
Summary
This economic trend measures the year-over-year growth rate of real GDP, adjusted for seasonal variations. It provides insight into the overall 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 from the same period in the previous year is a key indicator used by economists and policymakers to assess the health and trajectory of the broader economy. It allows for comparison of economic performance across time periods, accounting for seasonal factors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly GDP reports.
Historical Context
This metric informs macroeconomic analysis and guides decisions around monetary and fiscal policy.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 1947 to 2022.
- Growth rates typically range from -5% to +5% in modern U.S. economic history.
- Negative growth rates indicate an economic recession.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year growth rate of real GDP in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of overall economic health and performance, informing analysis and policy decisions.
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 reports.
Q: How is this trend used in economic policy?
A: Policymakers and economists rely on this metric to assess the state of the economy and guide decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (NAEXKP01G2Q659S), retrieved from FRED.