Producer Prices Index: Type of Goods: Consumer Goods: Total for United States
Quarterly
PITGCG01USQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.83
Year-over-Year Change
25.52%
Date Range
1/1/1960 - 10/1/2022
Summary
The Quarterly Gross Domestic Product Growth Rate measures the quarterly change in the total value of goods and services produced in the United States. This is a key indicator of economic growth and performance.
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 Quarterly Gross Domestic Product Growth Rate tracks the percentage change in the seasonally adjusted real GDP from one quarter to the next. It is a widely followed measure of economic health and a crucial input for policymakers and analysts to assess the state of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
The GDP growth rate is closely monitored by the Federal Reserve, Congress, and private sector economists to inform monetary and fiscal policy decisions.
Key Facts
- GDP growth in Q2 2022 was 2.6% annualized.
- The GDP growth rate averaged 2.3% per quarter from 2010-2019.
- Negative GDP growth is considered an economic recession.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Gross Domestic Product Growth Rate measures the percentage change in the total value of goods and services produced in the United States from one quarter to the next.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of overall economic performance and a key input for policymakers, businesses, and consumers to assess the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve, Congress, and private sector economists to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly with a delay of approximately one month.
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Citation
U.S. Bureau of Economic Analysis, Quarterly Gross Domestic Product Growth Rate (PITGCG01USQ661N), retrieved from FRED.