National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Russia
Growth rate same period previous year, Quarterly
NAEXKP07RUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.57
Year-over-Year Change
2837.76%
Date Range
1/1/2004 - 7/1/2021
Summary
This economic trend measures the year-over-year growth rate of GDP for the United States on a quarterly basis. It is a key indicator of overall economic performance and growth trajectory.
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 annualized percentage change in real GDP compared to the same quarter in the prior year. This metric provides insight into the broader economic climate and cyclical patterns.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
Policymakers and analysts monitor this trend to assess the health and direction of the U.S. economy.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Q2 2021 saw a 6.5% year-over-year increase in GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real GDP in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of overall economic performance and helps assess the health and direction 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 GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to inform decisions around monetary and fiscal policy to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP07RUQ659S), retrieved from FRED.