National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Ireland
Growth rate same period previous year, Annual
NAEXKP04IEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-28.47
Year-over-Year Change
-274.61%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the annual growth rate of real GDP compared to the same period in the previous year. It provides important insights into the pace and trajectory 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, Annual metric tracks the year-over-year change in real gross domestic product (GDP), adjusting for inflation. This key indicator helps economists and policymakers assess the overall health and momentum of the U.S. economy.
Methodology
The data is calculated based on official GDP figures reported by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Real GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Q4 2021 saw a 6.9% year-over-year increase in real GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of real gross domestic product (GDP) in the United States compared to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year GDP growth rate is a key indicator of the overall health and momentum of the U.S. economy, providing important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP figures reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this trend to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with a typical delay of about one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP04IEA659S), retrieved from FRED.