National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Finland
Growth rate same period previous year, Annual
NAEXKP02FIA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.38
Year-over-Year Change
-196.85%
Date Range
1/1/1991 - 1/1/2024
Summary
This economic indicator measures the annual growth rate of real gross domestic product (GDP) in the United States, comparing each year to the same period in the previous year.
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 is a key metric for evaluating the overall health and trajectory of the U.S. economy. It provides insights into factors driving economic expansion or contraction, which is crucial information for policymakers, investors, and analysts.
Methodology
The data is calculated based on real GDP figures published by the U.S. Bureau of Economic Analysis.
Historical Context
The GDP growth rate informs decisions around fiscal and monetary policy, as well as market assessments of economic performance.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 1948 to 2022.
- Negative GDP growth indicates an economic recession.
- The highest annual GDP growth rate in the U.S. was 13.4% in 1950.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the annual growth rate of real gross domestic product (GDP) in the United States, comparing each year to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial metric for evaluating the overall health and trajectory of the U.S. economy, providing insights into factors driving economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated based on real GDP figures published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The GDP growth rate informs decisions around fiscal and monetary policy, as well as market assessments of economic performance.
Q: Are there update delays or limitations?
A: The GDP growth rate data is subject to periodic revisions by the Bureau of Economic Analysis as more complete information becomes available.
Related Trends
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Leading Indicators OECD: Leading indicators: CLI: Trend restored for Finland
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Infra-Annual Labor Statistics: Unemployment Total: From 15 to 74 Years for Finland
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Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Finland
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP02FIA659S), retrieved from FRED.