National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Russia
Growth rate previous period, Quarterly
NAEXKP02RUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.43
Year-over-Year Change
-33.80%
Date Range
4/1/2003 - 7/1/2021
Summary
The 'Growth rate previous period, Quarterly' measures the quarterly percent change in real gross domestic product (GDP) compared to the previous quarter. This key metric provides insights into the pace and direction of economic growth.
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 economic indicator reports the annualized quarterly growth rate in real GDP, which is a comprehensive measure of the total economic output of the United States. Economists and policymakers closely monitor GDP growth to assess the overall health and trajectory of the economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Historical Context
GDP growth trends are a crucial input for Federal Reserve monetary policy decisions and are closely watched by financial markets.
Key Facts
- GDP grew 2.4% in Q4 2022 compared to the previous quarter.
- The U.S. economy expanded 2.9% in 2022 overall.
- Quarterly GDP growth has averaged 1.8% since 2010.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' indicator measures the annualized percent change in real gross domestic product (GDP) from one quarter to the next.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a fundamental measure of economic performance and a key input for monetary and fiscal policymaking. Analysts closely track this metric to gauge the overall health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers monitor GDP growth trends closely to inform monetary policy decisions, while financial markets react to quarterly GDP releases as a key indicator of economic conditions.
Q: Are there update delays or limitations?
A: The GDP growth data is released on a quarterly basis, with a lag of several weeks after the end of each quarter. There may also be revisions to previous quarters' estimates as more complete data becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP02RUQ657S), retrieved from FRED.