Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
NAEXKP07G7Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.45
Year-over-Year Change
5.70%
Date Range
1/1/1963 - 4/1/2017
Summary
This economic trend measures the year-over-year growth rate of real GDP, providing insights into the overall health and momentum 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, Seasonally Adjusted series tracks the percentage change in real GDP compared to the same quarter in the previous year. This metric is a key indicator of economic expansion or contraction and is closely monitored by policymakers and analysts.
Methodology
The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly GDP estimates.
Historical Context
This trend is widely used to assess the trajectory of the U.S. economy and inform policy decisions.
Key Facts
- Real GDP growth rate in Q3 2022 was 2.9% year-over-year.
- This trend has been positive for 8 consecutive quarters as of Q3 2022.
- The highest year-over-year growth rate in the past decade was 12.2% in Q2 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real (inflation-adjusted) GDP in the United States, providing insights into the overall performance and momentum of the economy.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year GDP growth rate is a key indicator of economic health and expansion, and is closely monitored by policymakers, investors, and analysts to assess the trajectory of the U.S. economy.
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 estimates of real GDP.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, closely track this metric to inform monetary policy decisions and assess the overall strength of the economy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of approximately one month after the end of the reference quarter. There may be revisions to previous estimates as more complete data becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (NAEXKP07G7Q659S), retrieved from FRED.