National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Austria
Growth rate previous period, Annual
NAEXKP04ATA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.12
Year-over-Year Change
-266.54%
Date Range
1/1/1989 - 1/1/2024
Summary
The Growth rate previous period, Annual trend measures the year-over-year change in gross domestic product (GDP). It is a key economic indicator used to assess the overall health and growth trajectory 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
This annual growth rate metric provides a standardized way to compare GDP performance across time periods, adjusting for the size of the economy. It is widely tracked by economists, policymakers, and financial analysts to gain insights into broader macroeconomic conditions and trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts statistics.
Historical Context
Policymakers and central banks closely monitor GDP growth rates to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
- GDP growth slowed to 2.2% in 2019 prior to the COVID-19 pandemic.
- The U.S. economy contracted by 3.4% in 2020 due to the impacts of the pandemic.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Annual metric measures the year-over-year change in the size of the U.S. economy as represented by gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP growth rates are a critical indicator of overall economic health and performance, providing insights into the trajectory of the economy that inform business, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts statistics and GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor GDP growth rates to inform monetary and fiscal policy decisions aimed at promoting stable, sustainable economic expansion.
Q: Are there update delays or limitations?
A: GDP growth data is published quarterly with an initial estimate followed by revisions, so there may be a short delay in the most current figures being available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP04ATA657S), retrieved from FRED.