Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
NAEXKP04G7Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.09
Year-over-Year Change
-8.58%
Date Range
1/1/1963 - 4/1/2017
Summary
This economic indicator measures the year-over-year growth rate of GDP, providing insights into the overall pace of 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, Seasonally Adjusted series tracks the annualized change in real GDP compared to the same quarter of the prior year. It is a widely followed metric for evaluating the trajectory of the broader economy.
Methodology
The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly GDP estimates.
Historical Context
This GDP growth rate trend is closely monitored by policymakers, analysts, and market participants for its implications on monetary and fiscal policy decisions.
Key Facts
- The GDP growth rate reached a high of 6.9% in Q4 2021.
- Negative growth rates indicate an economic recession.
- This metric is seasonally adjusted to account for typical quarterly fluctuations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real gross domestic product (GDP), providing insights into the overall pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator for evaluating the health and trajectory of the broader economy, making it highly relevant for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate trend is closely monitored by policymakers, as it informs decisions on monetary and fiscal policy measures aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly, with a typical delay of a few weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (NAEXKP04G7Q659S), retrieved from FRED.