National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for India
Growth rate previous period, Annual
NAEXKP04INA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.16
Year-over-Year Change
149.18%
Date Range
1/1/2013 - 1/1/2024
Summary
This economic trend measures the annual growth rate of gross domestic product (GDP) over the previous period. It is a key indicator of overall economic performance and helps policymakers assess the strength of the 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 Previous Period, Annual metric tracks the year-over-year percentage change in real GDP, providing insights into the pace of economic expansion or contraction. It is widely monitored by economists, analysts, and policymakers to gauge the health and trajectory of the national economy.
Methodology
The data is calculated based on official GDP figures reported by the U.S. Bureau of Economic Analysis.
Historical Context
This growth rate trend is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- The COVID-19 pandemic caused a sharp 3.4% contraction in GDP in 2020.
- Positive GDP growth is generally associated with rising employment and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percentage change in real gross domestic product (GDP), providing an indicator of the overall growth or contraction of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial barometer of economic health and performance, helping policymakers, businesses, and consumers understand the broader 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 based on official GDP figures.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions aimed at promoting economic stability and prosperity.
Q: Are there update delays or limitations?
A: The GDP growth rate data is typically released on a quarterly basis, with a short lag time. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP04INA657S), retrieved from FRED.