National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Russia
Growth rate same period previous year, Quarterly
NAEXKP01RUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.83
Year-over-Year Change
74.99%
Date Range
1/1/2004 - 7/1/2021
Summary
This economic trend measures the year-over-year growth rate of real GDP on a quarterly basis. It is a key indicator of overall economic performance and a focus for economists and policymakers.
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 trend tracks the annualized percent change in real GDP compared to the same quarter in the prior year. This provides insight into the pace and direction of economic expansion or contraction over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and GDP statistics.
Historical Context
This metric is closely watched by the Federal Reserve, government, and private-sector analysts to assess the health of the U.S. economy.
Key Facts
- GDP growth averaged 2.3% annually from 1948-2022.
- The U.S. economy contracted 2.8% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth has ranged from -31.2% to 33.8% since 1947.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real GDP on a quarterly basis, providing insight into the overall pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of economic performance and a focus for economists, policymakers, and market analysts assessing the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and GDP statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by the Federal Reserve, government, and private-sector analysts to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly with a short delay, and may be subject to revisions as more complete information becomes available.
Related Trends
Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation
RUSFCIOFMFNNUM
Use of Financial Services, Liabilities: Outstanding Deposits at Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation
RUSFCLOFMFXDC
Producer Prices Index: Economic Activities: Industrial Activities: Total for Russia
RUSPIEATI01GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Russia
RUSCP110000GYM
National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Russia
RUSGDPDEFQISMEI
Business Tendency Surveys: Order Books: Economic Activity: Construction: Current for Russia
BCOBLV02RUQ460S
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP01RUQ659S), retrieved from FRED.