National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Denmark
Growth rate same period previous year, Quarterly
NAEXKP03DKQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.07
Year-over-Year Change
-3242.44%
Date Range
1/1/1996 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of real GDP in the United States on a quarterly basis. It is a key indicator of overall economic performance and helps inform fiscal and monetary policy decisions.
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 percentage change in real GDP between the current quarter and the same quarter in the previous year. This metric provides insight into the pace and trajectory of the U.S. economy over time, beyond just quarter-over-quarter changes.
Methodology
The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly real GDP estimates.
Historical Context
Policymakers and analysts closely monitor this trend to assess the broader health of the economy and inform decisions around fiscal, monetary, and other policies.
Key Facts
- GDP growth has averaged 2.3% annually over the past decade.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth rates can be volatile and subject to revisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real GDP in the United States on a quarterly basis, providing insight into the overall pace and trajectory of the economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of economic performance and is closely monitored by policymakers, economists, and market participants to inform decisions around fiscal, monetary, and other policies.
Q: How is this data collected or calculated?
A: The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly real GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the broader health of the U.S. economy and make informed decisions around fiscal, monetary, and other policies.
Q: Are there update delays or limitations?
A: Quarterly GDP growth rates can be subject to revisions as more complete data becomes available, and may not fully capture the complexities of the economy.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP03DKQ659S), retrieved from FRED.