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Growth rate same period previous year, Quarterly

NAEXKP04EEQ659S • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

-0.19

Year-over-Year Change

-99.36%

Date Range

1/1/1996 - 1/1/2025

Summary

This economic trend measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis. It provides important insights into the pace and direction of the overall 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

The Growth rate same period previous year, Quarterly metric tracks the annualized percentage change in real GDP compared to the same quarter in the prior year. This allows economists to analyze economic expansion or contraction over time, factoring out seasonal variations.

Methodology

The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.

Historical Context

Policymakers and analysts monitor this trend to assess the health of the economy and inform decisions around fiscal and monetary policy.

Key Facts

  • The all-time high for this metric was 8.13% in Q3 2020.
  • The all-time low was -9.13% in Q2 2020 due to the COVID-19 pandemic.
  • Q4 2022 saw a growth rate of 1.00%.

FAQs

Q: What does this economic trend measure?

A: This metric measures the year-over-year percentage change in real gross domestic product (GDP) on a quarterly basis, providing insights into the pace of overall U.S. economic growth or contraction.

Q: Why is this trend relevant for users or analysts?

A: The GDP growth rate is a key indicator of economic health and performance, helping policymakers, investors, and analysts assess the state of the economy and inform their decisions.

Q: How is this data collected or calculated?

A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.

Q: How is this trend used in economic policy?

A: Policymakers and central banks monitor this metric closely to evaluate the need for fiscal or monetary policy interventions to promote economic stability and growth.

Q: Are there update delays or limitations?

A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of several weeks after the end of each quarter.

Related Trends

Citation

U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP04EEQ659S), retrieved from FRED.