National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Turkey
Growth rate same period previous year, Quarterly
NAEXKP02TRQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.26
Year-over-Year Change
-83.10%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' trend measures the year-over-year change in the volume of gross domestic product (GDP) in the United States on a quarterly basis. This provides important 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 metric captures the year-over-year percent change in real GDP, which is a key measure of overall economic activity and performance. Economists and policymakers closely monitor this indicator to assess the broader health of the U.S. economy and inform policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on the National Income and Product Accounts.
Historical Context
The GDP growth rate is a critical input for economic forecasting, monetary policy, and analyzing business cycle dynamics.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
- GDP growth contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth reached a record high of 6.9% in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' measures the year-over-year percent change in the volume of gross domestic product (GDP) in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the pace and direction of economic growth, which is a critical indicator of the overall health of the U.S. economy. Economists and policymakers closely monitor this data to inform their assessments and decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for economic forecasting, monetary policy decisions, and analyzing broader business cycle dynamics.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly by the Bureau of Economic Analysis, with an approximately one-month lag after the end of each quarter.
Related Trends
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Turkey
TURCP020000GPM
Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Turkiye
LRUN24FETRQ156S
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Turkey
TURCP110000GPQ
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 55 to 64 Years for Turkiye
LRAC55MATRA156N
Consumer Price Index: Recreation and Culture (COICOP 09): Total for Turkey
TURCP090000IXNBM
Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Turkey
TURPITGND02GYM
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP02TRQ659S), retrieved from FRED.