National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Austria
Growth rate previous period, Annual
NAEXKP02ATA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
-45.47%
Date Range
1/1/1989 - 1/1/2024
Summary
The Growth Rate Previous Period, Annual metric tracks the year-over-year change in real gross domestic product (GDP) for the United States. This key indicator provides insight into the overall health and momentum of the American 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 Growth Rate Previous Period, Annual is a measure of the percentage change in real GDP compared to the same quarter in the previous year. It reflects the expansion or contraction of economic activity and is widely followed by economists, policymakers, and market analysts to assess macroeconomic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. economy grew at an annual rate of 2.4% in 2022 Q4.
- Positive growth rates indicate economic expansion, while negative rates signal a recession.
- This metric is a key input for the Federal Reserve's policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Annual measures the year-over-year percentage change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into the overall health and momentum of the American economy, making it an important indicator followed by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Q: How is this trend used in economic policy?
A: The Growth Rate Previous Period, Annual is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
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 the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP02ATA657S), retrieved from FRED.