National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Russia
Growth rate same period previous year, Quarterly
NAEXKP02RUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.64
Year-over-Year Change
198.55%
Date Range
1/1/2004 - 7/1/2021
Summary
This economic indicator measures the year-over-year growth rate of GDP for the United States, reported quarterly. It provides insight 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 metric tracks the percentage change in real GDP between the current quarter and the same quarter one year prior. This allows economists to analyze economic momentum and identify turning points in the business cycle.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
Policymakers and analysts use this indicator to assess the health and trajectory of the national economy.
Key Facts
- GDP grew 2.6% year-over-year in Q4 2022.
- This indicator reached a recent low of -31.2% in Q2 2020.
- The all-time high was 7.5% in Q1 1984.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of real GDP in the United States, reported on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key metric for understanding the overall health and momentum of the economy. It provides insight into economic performance and can signal turning points in the business cycle.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the GDP growth rate to assess the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly, with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP02RUQ659S), retrieved from FRED.