Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
NAEXKP02G7Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.31
Year-over-Year Change
62.68%
Date Range
1/1/1963 - 4/1/2017
Summary
The 'Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted' measures the year-over-year percent change in real GDP for the United States. This key economic indicator provides insight into the overall health and momentum 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
This series represents the annualized growth rate of real GDP compared to the same quarter in the previous year. It is a widely followed metric that helps economists and policymakers assess the pace of economic expansion or contraction over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
This growth rate trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Real GDP grew 2.9% in Q4 2022 compared to Q4 2021.
- The growth rate has averaged 2.3% over the past 10 years.
- Quarterly GDP growth slowed from 3.2% in Q3 2022 to 2.9% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in real gross domestic product (GDP) for the United States on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of the overall health and momentum of the U.S. economy, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions aimed at promoting stable economic expansion.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly by the Bureau of Economic Analysis, with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (NAEXKP02G7Q659S), retrieved from FRED.