Claims on Private Sector for Nigeria
Percent Change From Preceding Period
NGAFDSAOPPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.28
Year-over-Year Change
271.13%
Date Range
1/1/2002 - 1/1/2024
Summary
The 'Percent Change From Preceding Period' tracks the quarterly percent change in real Gross Domestic Product, a key indicator of overall economic 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 series measures the quarter-over-quarter percent change in real GDP, providing insights into the pace and direction of economic expansion or contraction. It is a widely followed metric for assessing the health and trajectory of the U.S. economy.
Methodology
The data is calculated based on estimates of real GDP published by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts closely monitor this trend to inform decisions around fiscal and monetary policy.
Key Facts
- Real GDP grew 2.9% in Q4 2022.
- The economy contracted 1.1% in Q1 2022.
- GDP growth averaged 2.5% annually from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change From Preceding Period' tracks the quarterly percent change in real Gross Domestic Product, a key indicator of overall economic growth and performance.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the pace and direction of the U.S. economy, informing decision-making by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated based on estimates of real GDP published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to inform decisions around fiscal and monetary policy, as it reflects the overall health and trajectory of the economy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Percent Change From Preceding Period (NGAFDSAOPPCPPPT), retrieved from FRED.