National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for the Euro Area (19 Countries)
Growth rate same period previous year, Quarterly
NAEXKP02EZQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
-123.35%
Date Range
1/1/1996 - 1/1/2023
Summary
This economic trend measures the year-over-year growth rate in quarterly GDP in the United States. It is a key indicator of the overall health and direction of the 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 same period previous year, Quarterly trend tracks the annualized rate of change in real GDP from one quarter to the same quarter in the previous year. It provides insights into the pace and momentum of economic expansion or contraction.
Methodology
This data is calculated by the U.S. Bureau of Economic Analysis based on their estimates of quarterly GDP.
Historical Context
This trend is closely watched by policymakers, economists, and financial markets as a broad gauge of macroeconomic performance.
Key Facts
- The quarterly GDP growth rate hit a high of 33.8% in Q3 2020 after the COVID-19 recession.
- Negative growth rates indicate an economic contraction, while positive rates signal expansion.
- This metric can vary significantly from quarter to quarter due to seasonal and other factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in real GDP on a quarterly basis, providing insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The quarterly GDP growth rate is a crucial indicator of the overall health and direction of the economy, closely watched by policymakers, economists, and financial markets.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their estimates of quarterly GDP.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, closely monitor this trend to gauge the strength of the economy and inform their decisions on interest rates, fiscal policy, and other interventions.
Q: Are there update delays or limitations?
A: The quarterly GDP growth rate data is subject to revisions and updates as more information becomes available, so there may be some delays in the most recent data.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP02EZQ659S), retrieved from FRED.