National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Russia
Growth rate same period previous year, Quarterly
NAEXKP03RUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-97.98%
Date Range
1/1/2004 - 7/1/2021
Summary
This economic indicator measures the year-over-year growth rate of real GDP in the United States on a quarterly basis. It provides insight into the pace of overall economic expansion or contraction.
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 statistic tracks the percent change in real GDP compared to the same quarter of the prior year. It is a key macroeconomic indicator used by policymakers, analysts, and investors to assess the health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and GDP estimates.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- GDP grew 3.2% year-over-year in Q4 2022.
- The fastest growth rate was 33.8% in Q3 2020.
- This indicator has been tracked since 1947.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, Quarterly indicator tracks the year-over-year percent change in real GDP, providing insight into the pace of U.S. economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate metric is a key macroeconomic indicator used by policymakers, economists, and investors to assess the overall health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and GDP estimates.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this GDP growth indicator to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis with a typical 1-month lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP03RUQ659S), retrieved from FRED.