National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for India
Growth rate same period previous year, Quarterly
NAEXKP03INQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.81
Year-over-Year Change
-136.36%
Date Range
4/1/2012 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis. It provides insight into the overall health and momentum of the U.S. economy.
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 metric tracks the percent change in real GDP compared to the same quarter in the prior year. This key indicator helps economists and policymakers assess the pace and direction of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Historical Context
Analysts use this trend to gauge the broader economic climate and inform policy decisions.
Key Facts
- GDP growth rate was 2.6% in Q4 2022.
- Trend has averaged 2.3% over the past 10 years.
- Growth rate reflects economic expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and momentum of the U.S. economy, helping inform economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess the direction and pace of economic expansion or contraction, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP03INQ659S), retrieved from FRED.