National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Russia
Growth rate previous period, Annual
NAEXKP02RUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.52
Year-over-Year Change
-181.77%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in real gross domestic product (GDP) for the United States. This key economic indicator provides insights 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 annual growth rate of real GDP, which is the broadest measure of economic activity and a vital barometer of a country's economic performance. Economists and policymakers closely monitor GDP growth to assess the strength of the economy, inform policy decisions, and anticipate future trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts data.
Historical Context
GDP growth is a crucial input for economic and monetary policy, as well as financial market analysis.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth is a closely watched economic indicator.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' measures the year-over-year change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a vital indicator of overall economic health and performance, providing insights that inform policy decisions and financial market analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts data.
Q: How is this trend used in economic policy?
A: GDP growth is a crucial input for economic and monetary policy, as policymakers closely monitor this indicator to assess the strength of the economy.
Q: Are there update delays or limitations?
A: The GDP growth data is typically released on a quarterly basis, with some delay as the Bureau of Economic Analysis compiles the comprehensive national accounts information.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP02RUA657S), retrieved from FRED.