National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Turkey
Growth rate previous period, Annual
NAEXKP07TRA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.11
Year-over-Year Change
-765.19%
Date Range
1/1/1999 - 1/1/2024
Summary
The Growth Rate Previous Period, Annual trend measures the year-over-year change in real GDP, which is a key indicator of economic performance and growth.
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
This annualized growth rate series provides insight into the pace of economic expansion or contraction over time. It is closely watched by policymakers, analysts, and businesses to assess the overall health of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on the National Income and Product Accounts.
Historical Context
The GDP growth rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The GDP growth rate averaged 2.3% from 1947 to 2021.
- Negative growth rates indicate an economic recession.
- The U.S. experienced its highest GDP growth rate of 8.5% in 1950.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Annual trend measures the year-over-year change in real gross domestic product (GDP), which is the broadest indicator of economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical economic indicator that helps policymakers, businesses, and analysts assess the overall health and 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 the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and government, as it reflects the broader economic conditions and influences their policy responses.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a typical delay of one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP07TRA657S), retrieved from FRED.