National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Russia
Growth rate previous period, Quarterly
NAEXKP03RUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.38
Year-over-Year Change
-203.02%
Date Range
4/1/2003 - 7/1/2021
Summary
The Growth rate previous period, Quarterly trend measures the quarter-over-quarter change in a country's gross domestic product (GDP), a key indicator of economic performance.
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 sequential growth in a country's overall economic output and production. It is a widely used gauge of a nation's economic health and a critical input for analysts, policymakers, and investors.
Methodology
The data is calculated based on official GDP statistics reported by national statistical agencies.
Historical Context
Policymakers and central banks monitor this trend to assess the pace of economic expansion and inform monetary and fiscal policy decisions.
Key Facts
- GDP growth rate is a leading economic indicator.
- Quarterly GDP data is closely watched by policymakers.
- Sequential GDP growth reflects the pace of economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter change in a country's gross domestic product (GDP), a key indicator of overall economic performance and production.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical metric for assessing a nation's economic health and informing policy decisions by governments and central banks.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP statistics reported by national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this trend to evaluate the pace of economic expansion and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for minor delays in reporting by national statistical agencies.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP03RUQ657S), retrieved from FRED.