National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for United States
Growth rate same period previous year, Annual
NAEXKP02USA659S • 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
This economic trend measures the annual growth rate of real gross domestic product (GDP) in the United States compared to the same period in the previous year. It provides a crucial indicator of the country's overall economic performance and expansion.
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 annual growth rate of real GDP is a key metric used by economists and policymakers to assess the health and trajectory of the U.S. economy. It captures changes in the total value of goods and services produced within the country, adjusted for inflation, over a 12-month period.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts.
Historical Context
Policymakers and analysts closely monitor this trend to inform economic and fiscal policy decisions.
Key Facts
- The U.S. economy grew 2.6% in 2022 compared to 2021.
- Real GDP growth slowed to 1.9% in Q3 2022 from 3.2% in Q2 2022.
- Quarterly GDP growth rates are often more volatile than annual figures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of real gross domestic product (GDP) in the United States compared to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: The annual growth rate of real GDP is a critical indicator of the overall health and performance of the U.S. economy, providing important insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to inform economic and fiscal policy decisions, such as adjustments to monetary policy or government spending.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some delay, and may be subject to revisions as more complete information becomes available.
Related Trends
Real Gross Domestic Product for United States
NGDPRSAXDCUSQ
Bank Credit to Bank Deposits for United States
DDSI04USA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United States
USACPIALLAINMEI
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for United States
NAEXKP04USQ652S
Sales: Manufacturing: Total Manufacturing: Value for United States
SLMNTO02USA189N
Lerner Index in Banking Market for United States
DDOI04USA066NWDB
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP02USA659S), retrieved from FRED.