National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Norway
Growth rate previous period, Quarterly
NAEXKP03NOQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.39
Year-over-Year Change
-228.62%
Date Range
4/1/1978 - 1/1/2025
Summary
This economic indicator measures the quarterly growth rate of real gross domestic product (GDP) compared to the previous period. It provides a key snapshot of the overall health and direction 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 previous period, quarterly metric tracks the quarter-over-quarter change in real GDP, which is the broadest measure of economic activity. This data point is closely watched by economists, policymakers, and market analysts to gauge the pace of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Historical Context
This growth rate metric informs monetary and fiscal policy decisions by the Federal Reserve and Congress.
Key Facts
- GDP growth rate averaged 2.3% per quarter from 1947 to 2022.
- The highest quarterly GDP growth rate was 16.7% in 1950.
- The lowest quarterly GDP growth rate was -8.9% in 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter growth rate of real gross domestic product (GDP), which is the broadest measure of economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical metric for assessing the overall health and direction of the U.S. economy. It informs decisions by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and Congress to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released on a quarterly basis with a lag of approximately one month after the end of the quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP03NOQ657S), retrieved from FRED.