National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Austria
Growth rate same period previous year, Quarterly
NAEXKP03ATQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.74
Year-over-Year Change
-784.37%
Date Range
1/1/1989 - 4/1/2025
Summary
This economic trend measures the year-over-year growth rate of real GDP, providing insight into the pace of economic expansion or contraction in the United States on a quarterly basis.
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 series tracks the annualized percentage change in real GDP compared to the same quarter in the prior year. This metric is widely used by economists and policymakers to analyze the health and trajectory of the overall economy.
Methodology
The data is calculated based on official real GDP figures reported by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and market analysts closely monitor this indicator to inform economic and financial decision-making.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The COVID-19 pandemic caused a 3.4% contraction in GDP in 2020.
- Quarterly GDP growth turned positive in Q3 2020 as the economy began to recover.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real GDP, providing insight into the pace of economic expansion or contraction in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a widely-watched indicator of overall economic health and performance, making it essential for economists, policymakers, and market participants to monitor.
Q: How is this data collected or calculated?
A: The data is calculated based on official real GDP figures reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this indicator to inform monetary and fiscal policy decisions aimed at promoting stable and sustainable economic growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is typically published with a lag of several weeks following the end of each quarter, and may be subject to periodic revisions as more complete information becomes available.
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Infra-Annual Labor Statistics: Unemployment Rate Female: 15 Years or over for Austria
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Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Austria
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP03ATQ659S), retrieved from FRED.