National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for United States
Growth rate previous period, Annual
NAEXKP02USA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.76
Year-over-Year Change
101.73%
Date Range
1/1/1948 - 1/1/2024
Summary
The annual growth rate of the previous period measures the year-over-year change in economic output. It is a key indicator of a country's overall economic performance and a valuable tool for policymakers and analysts.
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 series tracks the annual growth rate of the previous period, which reflects the change in real gross domestic product (GDP) compared to the same period a year earlier. It provides insights into the pace and direction of economic expansion or contraction over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on GDP measurements.
Historical Context
The annual growth rate of the previous period is widely used to assess economic health and inform policy decisions.
Key Facts
- The series dates back to 1948.
- The highest annual growth rate on record was 7.9% in 1984.
- Negative growth rates indicate an economic recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in real gross domestic product (GDP), providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The annual growth rate of the previous period is a crucial indicator of a country's overall economic performance and a valuable tool for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on GDP measurements.
Q: How is this trend used in economic policy?
A: The annual growth rate of the previous period is widely used by policymakers, central banks, and economic institutions to assess the health of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of several weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP02USA657S), retrieved from FRED.