National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Norway
Growth rate same period previous year, Quarterly
NAEXKP03NOQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.98
Year-over-Year Change
-29.11%
Date Range
1/1/1979 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of gross domestic product (GDP) in the United States on a quarterly basis. It is a key indicator of 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 GDP growth rate same period previous year, Quarterly trend tracks the annualized percent change in real GDP compared to the same quarter of the prior year. It provides insight into the pace of economic expansion or contraction and is closely monitored by policymakers, analysts, and investors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts.
Historical Context
The GDP growth rate is a critical input for monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Key Facts
- GDP grew 2.6% in Q4 2022 compared to Q4 2021.
- The U.S. economy expanded 5.9% in 2021 after contracting 3.4% in 2020.
- Quarterly GDP growth rates can fluctuate significantly based on economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real gross domestic product (GDP) in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of overall economic health and momentum, making it essential for policymakers, economists, and investors to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a critical input for monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Q: Are there update delays or limitations?
A: Quarterly GDP data is typically released with a one-month lag, and figures may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP03NOQ659S), retrieved from FRED.