National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Turkey
Growth rate previous period, Quarterly
NAEXKP01TRQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
364.49%
Date Range
4/1/1998 - 1/1/2025
Summary
This economic trend measures the quarterly growth rate of real gross domestic product (GDP) compared to the previous period. It is a key indicator of economic performance and helps policymakers and analysts assess the overall health and direction 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
The GDP growth rate previous period metric tracks the percent change in real GDP from one quarter to the next, adjusted for inflation. It provides insight into the pace and momentum of economic expansion or contraction, which is vital for economic forecasting and policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive national accounts.
Historical Context
Policymakers at the Federal Reserve and other institutions closely monitor the GDP growth rate to inform monetary and fiscal policy actions.
Key Facts
- GDP growth rate has averaged 2.3% annually since 1947.
- The fastest quarterly GDP growth was 16.7% in 1950.
- The largest quarterly GDP contraction was -31.2% in 2020.
FAQs
Q: What does this economic trend measure?
A: The GDP growth rate previous period measures the quarterly percent change in real gross domestic product compared to the prior quarter, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of overall economic performance and momentum, which is vital information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive national accounts.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor the GDP growth rate to inform monetary and fiscal policy decisions that aim to support stable, sustainable economic expansion.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP01TRQ657S), retrieved from FRED.