Production: Manufacturing: Total Manufacturing for Norway
Growth rate same period previous year, Quarterly
NORPRMNTO01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.83
Year-over-Year Change
-14210.23%
Date Range
1/1/1956 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year change in nominal GDP for the United States. This provides key 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
This quarterly series represents the percent change in nominal GDP compared to the same quarter of the previous year. It is a widely tracked indicator of overall economic performance and a critical input for policymakers and analysts assessing the health of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive quarterly GDP estimates.
Historical Context
The growth rate is closely monitored by the Federal Reserve and other institutions to guide monetary and fiscal policy decisions.
Key Facts
- GDP grew 2.4% year-over-year in Q4 2022.
- The growth rate averaged 2.7% in 2022.
- Quarterly GDP growth slowed from 3.2% in Q3 2022.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in nominal GDP, providing insight into the overall pace of economic expansion or contraction in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical indicator of economic performance and a key input for policymakers, businesses, and analysts assessing the health 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 its comprehensive quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other institutions to guide monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly, with a delay of approximately one month after the end of each quarter.
Related Trends
Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Norway
NORCP030000GPM
Production: Industry: Total Industry Excluding Construction for Norway
NORPRINTO01GYSAM
Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for Norway
CP0430NOM086NEST
Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Norway
CP1231NOM086NEST
Sales: Retail Trade: Total Retail Trade: Volume for Norway
SLRTTO01NOQ659S
Sales: Retail Trade: Car Registration: Passenger Cars for Norway
NORSACRAISMEI
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NORPRMNTO01GYSAQ), retrieved from FRED.