National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Australia
Growth rate same period previous year, Quarterly
NAEXKP02AUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
-84.43%
Date Range
1/1/1961 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of gross domestic product (GDP) in the United States on a quarterly basis. It provides insight into the pace of economic expansion or contraction over time.
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 statistic is a key indicator used by economists and policymakers to assess the overall health and trajectory of the U.S. economy. It compares the current quarter's GDP to the same quarter in the prior year, offering a standardized view of economic performance.
Methodology
This data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
Analysts monitor this trend to gauge the effectiveness of fiscal and monetary policies in stimulating or cooling the economy.
Key Facts
- GDP grew 3.2% year-over-year in Q4 2022.
- The highest growth rate in the last decade was 8.9% in Q2 2021.
- Negative growth in 2020 reflected the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in real gross domestic product (GDP) on a quarterly basis for the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of overall economic performance and is closely watched by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis computes this statistic based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Economists and government officials monitor GDP growth to assess the effectiveness of fiscal and monetary policies in driving or moderating economic expansion.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly, with a several-week lag after the end of each period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP02AUQ659S), retrieved from FRED.