National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Canada
Growth rate same period previous year, Quarterly
NAEXKP07CAQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.45
Year-over-Year Change
-63.15%
Date Range
1/1/1962 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis. It provides insight into the overall health and trajectory of the U.S. 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 same period previous year, Quarterly series tracks the percent change in real GDP compared to the same quarter of the prior year. This metric is widely used by economists and policymakers to analyze economic performance and inform policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly GDP estimates.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to assess macroeconomic conditions and guide monetary and fiscal policy.
Key Facts
- The Q4 2022 growth rate was 1.0%.
- Growth rates can signal economic expansion or contraction.
- Quarterly GDP data is a key input for policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real gross domestic product (GDP) on a quarterly basis, providing insight into the overall health of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical indicator used by economists, policymakers, and market analysts to assess macroeconomic performance and guide decisions.
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 Federal Reserve and other institutions closely monitor this trend to evaluate the state of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately 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 (NAEXKP07CAQ659S), retrieved from FRED.