National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Russia
Growth rate same period previous year, Annual
NAEXKP04RUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.34
Year-over-Year Change
-144.74%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the annual growth rate of GDP in the United States compared to the same period in the previous year. It provides valuable insights into the overall health and performance of the 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, Annual metric tracks the year-over-year change in real GDP, allowing economists and policymakers to analyze the pace of economic expansion or contraction. It is a key indicator used to assess the country's macroeconomic conditions and inform decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics.
Historical Context
This trend is widely followed by financial markets, government agencies, and economic analysts to gauge the broader economic landscape and potential policy responses.
Key Facts
- The U.S. GDP growth rate reached a peak of 7.8% in 2021.
- The lowest annual growth rate in recent history was -3.4% in 2020.
- The long-term average annual GDP growth rate is around 2.3%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of real 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 GDP growth rate is a crucial indicator of the overall health and performance of the U.S. economy, providing valuable insights for policymakers, investors, and economic analysts.
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 statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the GDP growth rate to inform monetary and fiscal policy decisions, as well as to assess the broader economic landscape.
Q: Are there update delays or limitations?
A: The GDP growth rate data is typically released on a quarterly basis with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP04RUA659S), retrieved from FRED.