Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
NAEXKP06G7Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.21
Year-over-Year Change
-1.86%
Date Range
1/1/1963 - 4/1/2017
Summary
This economic trend measures the year-over-year growth rate in real gross domestic product (GDP) on a quarterly, seasonally adjusted basis. It provides valuable insights into the pace of economic expansion or contraction over time.
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 is an important macroeconomic indicator that allows analysts to evaluate the performance of the U.S. economy. It compares the current quarter's GDP to the same quarter in the prior year, highlighting underlying trends and the trajectory of economic growth.
Methodology
The U.S. Bureau of Economic Analysis collects the underlying GDP data and calculates this seasonally adjusted growth rate.
Historical Context
Policymakers and market participants closely monitor this trend to assess the overall health of the economy and inform their decisions.
Key Facts
- Quarterly, seasonally adjusted data.
- Measures year-over-year growth in real GDP.
- Used to evaluate the pace of economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in real gross domestic product (GDP) on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the pace of economic expansion or contraction over time, allowing analysts to evaluate the overall performance of the U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects the underlying GDP data and calculates this seasonally adjusted growth rate.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this trend to assess the health of the economy and inform their decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with the standard delays associated with GDP reporting.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (NAEXKP06G7Q659S), retrieved from FRED.