National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Australia
Growth rate previous period, Annual
NAEXKP04AUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.16
Year-over-Year Change
-78.51%
Date Range
1/1/1961 - 1/1/2024
Summary
The annual growth rate previous period measures the year-over-year change in economic output. This metric is a key indicator of overall economic health and a focus for 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 annual growth rate previous period tracks the percentage change in real gross domestic product (GDP) compared to the same period in the prior year. Economists use this indicator to assess the trajectory of the broader economy and guide decisions on fiscal and monetary policy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
Policymakers and market participants closely monitor this growth rate trend to understand the pace of economic expansion or contraction.
Key Facts
- The U.S. economy grew 5.7% year-over-year in 2021.
- Positive growth rates indicate expanding economic activity.
- This metric is a leading indicator for the business cycle.
FAQs
Q: What does this economic trend measure?
A: The annual growth rate previous period tracks the year-over-year percentage change in real gross domestic product, a broad measure of economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic health and a focus for policymakers and market participants when assessing the trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this growth rate trend to understand the pace of economic expansion or contraction, which informs decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The annual growth rate data is subject to periodic revisions by the statistical agency as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP04AUA657S), retrieved from FRED.