Growth Rate Previous Period, Annual, Not Seasonally Adjusted
NAEXKP01O1A657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.77
Year-over-Year Change
-46.69%
Date Range
1/1/1962 - 1/1/2016
Summary
The Growth Rate Previous Period, Annual, Not Seasonally Adjusted measures the year-over-year change in real gross domestic product (GDP). It is a key economic indicator used to assess the overall health and momentum of the U.S. economy.
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 annual growth rate metric compares the current quarter's real GDP to the same quarter in the previous year, providing insight into the economy's long-term expansion or contraction. Economists and policymakers closely monitor this trend to gauge macroeconomic performance and make informed decisions.
Methodology
The data is calculated based on real GDP figures published by the U.S. Bureau of Economic Analysis.
Historical Context
The growth rate is used by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The average annual GDP growth rate from 2010-2019 was 2.3%.
- The growth rate reached a high of 4.5% in Q4 2020 following the COVID-19 recession.
- Sustained high growth rates are associated with economic prosperity and job creation.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Annual, Not Seasonally Adjusted measures the year-over-year change in real gross domestic product (GDP), a key indicator of overall economic performance.
Q: Why is this trend relevant for users or analysts?
A: This growth rate metric provides important insights into the long-term expansion or contraction of the U.S. economy, helping economists and policymakers assess macroeconomic conditions and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on real GDP figures published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use the GDP growth rate to help guide monetary and fiscal policy decisions, as it is a key indicator of the overall health and momentum of the U.S. economy.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a delay of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (NAEXKP01O1A657S), retrieved from FRED.