Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
NAEXKP01G7Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.21
Year-over-Year Change
9.95%
Date Range
1/1/1963 - 7/1/2017
Summary
This economic trend measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis, adjusted for seasonal variations. It provides insights 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 same period previous year, quarterly, seasonally adjusted is a key indicator used by economists and policymakers to analyze the trajectory of the broader U.S. economy. It allows for comparisons of economic performance across time periods, factoring out seasonal fluctuations.
Methodology
This data series is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive quarterly GDP estimates.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the health of the economy and inform decisions.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth rebounded to 6.9% in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the overall pace of economic expansion or contraction, allowing for comparisons across time periods and informing decisions by policymakers and market analysts.
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: Policymakers closely monitor this trend to gauge the health of the economy and inform decisions, while market analysts use it to assess economic performance and outlook.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of several weeks after the end of each quarter.
Related Trends
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for G7
G7LREM64TTSTQ
Balance of Payments: Other Investment: Liabilities (or Net Incurrence of Liabilities) for G7
G7B6FAOI03CXCUQ
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for G7
G7LCEAMN01IXOBSAQ
Consumer Price Index: All items: Total: Total for G7
G7CPALTT01GPM
National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for G7
G7NAEXKP06IXOBSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 25 to 54 Years for G7
G7LFIN25MASTQ
Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (NAEXKP01G7Q659S), retrieved from FRED.