Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Norway
Growth rate same period previous year, Quarterly
NORPIEAFD01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.66
Year-over-Year Change
275.89%
Date Range
1/1/1978 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' trend measures the year-over-year change in gross domestic product (GDP) for the United States. This key economic indicator provides insight into the pace of economic growth and recovery.
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 quarterly growth rate series compares the current quarter's GDP to the same quarter one year prior. It is a widely followed measure of economic performance, used by policymakers, analysts, and businesses to gauge the strength and direction of the U.S. economy.
Methodology
The data is calculated based on quarterly GDP figures reported by the U.S. Bureau of Economic Analysis.
Historical Context
The growth rate trend is closely monitored for signs of economic expansion or contraction, informing policy decisions and market forecasts.
Key Facts
- The growth rate reached a low of -31.2% in Q2 2020 due to the COVID-19 pandemic.
- GDP growth exceeded 6% in multiple quarters during the economic recovery in 2021.
- Positive growth rates generally indicate an expanding economy, while negative rates signal a recession.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in U.S. gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This growth rate trend is a crucial indicator of the economy's overall health and performance, providing insight into the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated based on quarterly GDP figures reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the GDP growth rate trend to inform decisions on monetary and fiscal policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly, with a lag of approximately one month after the end of the reporting period.
Related Trends
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NORCPIENGAINMEI
Consumer Price Index: Food for Norway
NORCPIFODMINMEI
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Norway
CPHPTT01NOM659N
Producer Prices Index: Type of Goods: Consumer Goods: Total for Norway
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NORPIEAFD01GYQ), retrieved from FRED.