National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Australia
Growth rate same period previous year, Quarterly
NAEXKP03AUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.44
Year-over-Year Change
-60.73%
Date Range
1/1/1961 - 1/1/2025
Summary
This trend measures the year-over-year growth rate of GDP in the United States on a quarterly basis. It is a key indicator of economic performance and is closely monitored by policymakers.
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' trend represents the percent change in real GDP from the same quarter in the previous year. This allows economists to analyze economic growth while controlling for seasonal variations.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and survey data.
Historical Context
This metric is used to assess the overall health of the U.S. economy and inform monetary and fiscal policy decisions.
Key Facts
- Quarterly GDP growth averaged 2.3% in 2022.
- GDP growth exceeded 6% in Q2 2021 as the economy rebounded from the COVID-19 pandemic.
- Rapid GDP growth can signal inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real GDP on a quarterly basis, providing insight into the pace of U.S. economic growth.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of macroeconomic performance and is closely tracked by policymakers, investors, and economists to assess the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and survey data.
Q: How is this trend used in economic policy?
A: The GDP growth rate informs monetary and fiscal policy decisions, as rapid or sluggish growth can signal inflationary pressures or recessionary risks that require policy adjustments.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the release of quarterly GDP data by the BEA.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP03AUQ659S), retrieved from FRED.