Gross Domestic Product by Expenditure in Constant Prices: Government Final Consumption Expenditure for the European Union
Growth Rate Previous Period, Annual, Not Seasonally Adjusted
NAEXKP03EUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.99
Year-over-Year Change
4.31%
Date Range
1/1/1996 - 1/1/2019
Summary
The Growth Rate Previous Period, Annual, Not Seasonally Adjusted trend measures the year-over-year change in real GDP, providing insight into the pace of economic expansion or contraction.
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 indicator tracks the annual growth rate of real gross domestic product (GDP), offering a high-level perspective on the overall health and direction of the U.S. economy. It is a widely followed metric for assessing the nation's economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and statistical models.
Historical Context
Policymakers and analysts use this trend to gauge the effectiveness of economic policies and make informed decisions.
Key Facts
- The growth rate reached a high of 7.9% in 2021.
- The trend declined sharply during the 2008-2009 recession.
- Positive growth rates indicate an expanding economy.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Annual, Not Seasonally Adjusted 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: This high-level indicator of economic performance is widely followed by policymakers, investors, and analysts to assess the overall health and direction of the U.S. economy.
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 surveys and statistical models.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the effectiveness of economic policies and make informed decisions about monetary and fiscal measures.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (NAEXKP03EUA657S), retrieved from FRED.