National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Austria
Growth rate previous period, Annual
NAEXKP06ATA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.46
Year-over-Year Change
-340.69%
Date Range
1/1/1989 - 1/1/2024
Summary
This economic trend measures the annual growth rate of GDP compared to the previous year. It is a key indicator of overall economic performance and a focus for policymakers and analysts.
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 annual GDP growth rate represents the percent change in the total value of goods and services produced in the United States over the past 12 months. It is a widely tracked metric for assessing the health and momentum of the national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts.
Historical Context
Policymakers and economists monitor this indicator to inform decisions around monetary and fiscal policy.
Key Facts
- The U.S. GDP grew by 5.7% in 2021.
- GDP growth slowed to 2.3% in Q3 2022.
- Historically, average annual GDP growth is around 3%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percentage change in the total value of goods and services produced in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of overall economic health and momentum, closely watched by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor GDP growth to inform decisions around monetary and fiscal policy, with the goal of promoting stable, sustainable economic expansion.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP06ATA657S), retrieved from FRED.