Producer Prices Index: Economic Activities: Domestic Manufacturing for the European Union
Growth Rate Same Period Previous Year, Quarterly
PIEAMP02EUQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.91
Year-over-Year Change
-191.29%
Date Range
1/1/1996 - 4/1/2020
Summary
This economic trend measures the year-over-year growth rate in real gross domestic product (GDP) on a quarterly basis. It provides insight into the pace of economic expansion or contraction in the United States.
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 trend tracks the year-over-year change in real GDP, which is a comprehensive measure of overall economic activity. This metric is closely watched by policymakers, analysts, and economists to assess the strength and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
This trend is a key input for macroeconomic analysis and helps inform federal monetary and fiscal policy decisions.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- Quarterly GDP growth turned negative in 2020 due to the COVID-19 pandemic.
- The U.S. economy experienced a sharp rebound in 2021 as restrictions eased.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in real gross domestic product (GDP) on a quarterly basis, providing insight into the 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 key indicator of the overall health and trajectory of the U.S. economy, making it highly relevant for policymakers, investors, and economic analysts seeking to assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a crucial input for macroeconomic analysis and helps inform federal monetary and fiscal policy decisions, as policymakers aim to promote stable and sustainable economic growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released on a quarterly basis, with a lag of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly (PIEAMP02EUQ659N), retrieved from FRED.