National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Norway
Growth rate same period previous year, Quarterly
NAEXKP07NOQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-69.62%
Date Range
1/1/1979 - 1/1/2025
Summary
This economic indicator measures the year-over-year growth rate of real GDP, adjusted for seasonal variations, on a quarterly basis. It provides insights into the pace of economic expansion or contraction.
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 statistic tracks the annualized change in real GDP between the current quarter and the corresponding quarter from the previous year. This metric is widely used by economists and policymakers to analyze broad economic trends and performance over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This indicator is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- The COVID-19 pandemic caused a 3.4% contraction in real GDP in 2020.
- The U.S. economy rebounded with 5.7% growth in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of real GDP on a quarterly basis, providing insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year, Quarterly statistic is a widely-watched metric that helps economists and policymakers analyze broad economic performance and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical update delay of approximately one month following the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP07NOQ659S), retrieved from FRED.