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Growth rate same period previous year, Quarterly

NAEXKP07EEQ659S • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

5.70

Year-over-Year Change

-33.46%

Date Range

1/1/1996 - 1/1/2025

Summary

This economic trend measures the year-over-year growth rate of gross domestic product (GDP) in the United States on a quarterly basis. It is a key indicator of overall economic performance and health.

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 trend tracks the percentage change in real GDP compared to the same quarter of the prior year. This metric provides important context on the trajectory and pace of economic expansion or contraction.

Methodology

The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP estimates.

Historical Context

Policymakers and analysts closely monitor this indicator to assess the strength of the economy and inform policy decisions.

Key Facts

  • Quarterly GDP growth rate is annualized.
  • GDP growth is a primary driver of employment and consumer spending.
  • The U.S. has averaged 2-3% annual GDP growth over the long term.

FAQs

Q: What does this economic trend measure?

A: This trend measures the year-over-year percentage change in real gross domestic product (GDP) in the United States on a quarterly basis.

Q: Why is this trend relevant for users or analysts?

A: GDP growth is a fundamental indicator of overall economic performance and health, making this trend highly relevant for policymakers, businesses, 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 official GDP estimates.

Q: How is this trend used in economic policy?

A: Policymakers and central banks closely monitor GDP growth to assess the strength of the economy and inform policy decisions around interest rates, government spending, and other key economic levers.

Q: Are there update delays or limitations?

A: The GDP growth data is released on a quarterly basis, with a slight delay after the end of each quarter to allow for data collection and analysis.

Related Trends

Citation

U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP07EEQ659S), retrieved from FRED.