National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Spain
Growth rate same period previous year, Annual
NAEXKP06ESA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.09
Year-over-Year Change
226.32%
Date Range
1/1/1996 - 1/1/2024
Summary
The Growth rate same period previous year, Annual measures the year-over-year change in real GDP growth for the United States. This key economic indicator is closely watched by policymakers, analysts, and markets.
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
This annual growth rate compares the current year's real GDP to the previous year's real GDP for the same period. It provides insight into the economy's overall performance and trajectory over time, signaling potential shifts in consumer demand, business investment, and other fundamental factors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and GDP statistics.
Historical Context
This trend is used by the Federal Reserve and other institutions to guide monetary and fiscal policy decisions.
Key Facts
- The GDP growth rate reached a record high of 33.8% in Q3 2020.
- Real GDP contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- The U.S. economy has averaged around 2-3% annual GDP growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Annual measures the year-over-year change in real GDP for the United States.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into the overall performance and trajectory of the U.S. economy, which is crucial 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 using national accounts and GDP statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use this growth rate trend to guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis by the Bureau of Economic Analysis, with typical update delays of a few months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP06ESA659S), retrieved from FRED.