National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Luxembourg
Growth rate same period previous year, Quarterly
NAEXKP06LUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.51
Year-over-Year Change
-39.87%
Date Range
1/1/1996 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' trend measures the year-over-year change in real GDP for the United States, a key indicator of economic performance and growth.
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 quarterly GDP growth rate metric compares the current quarter's real GDP value to the same quarter one year prior, providing insight into the pace and direction of the economy's expansion or contraction over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
Policymakers and analysts closely monitor this growth rate to gauge the overall health of the U.S. economy and inform economic policy decisions.
Key Facts
- Real GDP growth rate averaged 2.3% annually from 2010-2019.
- The growth rate turned negative in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth is a leading indicator used to assess the business cycle.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in real GDP for the United States, providing insight into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of overall economic performance and health, making it highly relevant 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 its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this growth rate to gauge the economy's health and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly, with a typical delay of one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP06LUQ659S), retrieved from FRED.