National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Russia
Growth rate previous period, Quarterly
NAEXKP06RUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.04
Year-over-Year Change
1622.80%
Date Range
4/1/2003 - 7/1/2021
Summary
This economic indicator tracks the quarter-over-quarter growth rate of real gross domestic product (GDP), a key measure of overall economic activity in the United States. Understanding GDP growth is crucial for economists and policymakers to assess the health and trajectory of the economy.
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 indicator represents the percent change in real GDP from the previous quarter. It provides a timely gauge of economic momentum and is used to analyze business cycles, consumer and investment trends, and the impacts of policy decisions.
Methodology
The Bureau of Economic Analysis calculates this metric based on its comprehensive national accounts data.
Historical Context
Analysts and policymakers closely monitor GDP growth to make informed decisions about fiscal, monetary, and regulatory policies.
Key Facts
- GDP growth averaged 2.3% annually from 1948-2022.
- The US economy contracted in 2020 due to the COVID-19 pandemic.
- Positive GDP growth is generally associated with rising employment and incomes.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarter-over-quarter percent change in real gross domestic product (GDP), which is the broadest measure of economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a crucial barometer of economic health and performance. Monitoring this trend helps analysts, policymakers, and the public assess the direction and momentum of the economy.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates this metric based on its comprehensive national accounts data.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor GDP growth to make informed decisions about fiscal, monetary, and regulatory policies that can impact overall economic conditions.
Q: Are there update delays or limitations?
A: This indicator is published quarterly, with a delay of about one month after the end of each quarter.
Related Trends
Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Russia
QRUPAM770A
Production: Industry: Total Industry Excluding Construction for Russia
PRINTO01RUA657S
M2 for Russian Federation
MYAGM2RUM189N
Consumer Opinion Surveys: Consumer Prices: Future Tendency for Russia
CSINFT02RUQ460S
Value of Exports to Russia from Pennsylvania
PARUSA052SCEN
National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Russia
RUSGDPNQDSMEI
Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP06RUQ657S), retrieved from FRED.