National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Canada
Growth rate previous period, Quarterly
NAEXKP06CAQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.63
Year-over-Year Change
-365.31%
Date Range
4/1/1961 - 1/1/2025
Summary
This economic indicator measures the quarterly growth rate of real gross domestic product (GDP) compared to the previous period. It provides insight into the 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 previous period, quarterly metric tracks the quarter-over-quarter change in real GDP, which is a comprehensive measure of overall economic activity. This trend is widely followed by economists, policymakers, and market analysts to assess the health and momentum of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
The growth rate previous period, quarterly statistic is a key input for evaluating economic performance and informing monetary and fiscal policy decisions.
Key Facts
- GDP growth rate averaged 2.3% annually from 1948 to 2022.
- The record highest quarterly growth rate was 33.8% in Q3 2020.
- The lowest quarterly growth rate on record was -31.2% in Q2 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter change in real gross domestic product (GDP), which is the broadest measure of overall economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The growth rate previous period, quarterly statistic is a crucial data point for evaluating the pace of economic expansion or contraction, informing monetary and fiscal policy decisions, and assessing the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The growth rate previous period, quarterly metric is a key input for the Federal Reserve and other policymakers in assessing economic conditions and making decisions on monetary policy and fiscal stimulus measures.
Q: Are there update delays or limitations?
A: The growth rate previous period, quarterly data is released by the Bureau of Economic Analysis on a regular quarterly schedule, with a slight delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP06CAQ657S), retrieved from FRED.