National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Portugal
Growth rate same period previous year, Quarterly
NAEXKP02PTQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.32
Year-over-Year Change
-73.55%
Date Range
1/1/1996 - 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 is a key metric for analyzing the overall health and trajectory 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
The growth rate same period previous year, quarterly statistic tracks the percent change in real GDP compared to the same quarter of the prior year. This provides insight into the pace and direction of economic expansion or contraction over time, which is crucial information for policymakers, investors, and economic analysts.
Methodology
The U.S. Bureau of Economic Analysis calculates this metric based on quarterly GDP data.
Historical Context
This trend is widely monitored by the Federal Reserve, government agencies, and financial markets to inform economic policy and investment decisions.
Key Facts
- Real GDP growth averaged 2.3% annually from 2010-2019.
- The COVID-19 pandemic caused a historic 31.2% GDP contraction in Q2 2020.
- The U.S. economy has recovered strongly, with GDP growth of 6.9% in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percent change in real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical barometer of the overall health and momentum of the U.S. economy, making it essential for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric based on quarterly GDP data.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor GDP growth to inform monetary and fiscal policy decisions that aim to promote economic stability and prosperity.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Bureau of Economic Analysis, with a typical release lag of 1-2 months after the end of each quarter.
Related Trends
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Portugal
PRTPRINTO01IXOBM
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Portugal
LREM24MAPTQ156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Portugal
PRTCP030000CTGYM
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Portugal
PRTCP020000GPQ
Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Portugal
CCUSSP01PTQ650N
Gross National Income for Portugal
MKTGNIPTA646NWDB
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP02PTQ659S), retrieved from FRED.