National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Finland
Growth rate same period previous year, Quarterly
NAEXKP03FIQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.71
Year-over-Year Change
-218.00%
Date Range
1/1/1991 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year percent change in real gross domestic product (GDP) for the United States on a quarterly basis. This key economic indicator provides insights 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 metric tracks the annualized rate of change in real GDP compared to the same quarter in the previous year. It offers a broader perspective on economic performance beyond quarter-over-quarter comparisons, which can be more volatile. Analysts and policymakers use this data to assess the overall health and direction of the U.S. economy.
Methodology
The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly GDP estimates.
Historical Context
The growth rate compared to the prior year is a critical input for economic forecasting and policy decisions.
Key Facts
- The U.S. economy grew 2.6% in Q4 2022 compared to Q4 2021.
- Quarterly GDP growth rates can fluctuate significantly due to seasonal and other factors.
- Year-over-year GDP growth is a key indicator of the economy's long-term trajectory.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year percent change in real gross domestic product (GDP) for the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the overall pace of economic expansion or contraction, offering a broader perspective than quarter-over-quarter comparisons. Analysts and policymakers use this information to assess the health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The growth rate compared to the prior year is a critical input for economic forecasting and policy decisions made by government, central banks, and other institutions.
Q: Are there update delays or limitations?
A: The quarterly GDP data used to calculate this metric is typically released with a lag of several weeks, and can be subject to revisions over time.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP03FIQ659S), retrieved from FRED.