National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Portugal
Growth rate previous period, Quarterly
NAEXKP03PTQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
-67.27%
Date Range
4/1/1995 - 1/1/2025
Summary
This economic trend measures the quarter-over-quarter growth rate of real gross domestic product (GDP) in the United States. It is a key indicator of overall economic performance and is closely tracked by policymakers and analysts.
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 represents the change in the value of all goods and services produced within the U.S. economy compared to the previous quarter. It is a widely used metric for assessing the health and direction of the national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting standards.
Historical Context
The GDP growth rate is a critical input for federal monetary and fiscal policy decisions.
Key Facts
- Quarterly GDP growth averaged 2.3% from 1947 to 2022.
- The largest quarterly GDP decline on record was -31.2% in Q2 2020.
- Positive GDP growth is generally associated with expanding employment and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percent change in real gross domestic product (GDP), which is the broadest indicator of overall economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical indicator used by policymakers, businesses, and investors to assess the health and direction of the U.S. economy. It informs decision-making around monetary policy, government spending, and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting standards and procedures.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for federal monetary and fiscal policy decisions, as it signals the overall state of the economy and helps guide policy interventions aimed at promoting stable, sustainable economic expansion.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with an approximately one-month delay from the end of the reference quarter. The data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP03PTQ657S), retrieved from FRED.