National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for India
Growth rate same period previous year, Quarterly
NAEXKP02INQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.23
Year-over-Year Change
3.85%
Date Range
4/1/2012 - 1/1/2025
Summary
This economic indicator measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis. It provides insights into the pace and direction of the overall 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 statistic is a key metric used by economists and policymakers to assess the economic performance of a country over time. It compares the current quarter's GDP to the same quarter in the previous year, offering a standardized view of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
This trend is widely monitored by governments, central banks, and financial markets to inform economic policy and investment decisions.
Key Facts
- The U.S. economy grew 2.6% in Q4 2022 compared to Q4 2021.
- GDP growth has averaged 2.3% annually over the past decade.
- Quarterly GDP growth data is released by the BEA approximately one month after each quarter ends.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis, providing insight into the overall pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year, quarterly statistic is a key metric used by economists, policymakers, and market participants to assess the health and trajectory of the national economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Q: How is this trend used in economic policy?
A: Governments, central banks, and financial markets closely monitor this trend to inform economic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: Quarterly GDP growth data is released by the BEA approximately one month after each quarter ends, so there is a brief lag in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP02INQ659S), retrieved from FRED.