Production: Construction: Total for Hungary
Growth rate previous period, Quarterly
PRCNTO01HUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.98
Year-over-Year Change
-20.63%
Date Range
4/1/1995 - 1/1/2025
Summary
The 'Growth rate previous period, Quarterly' series measures the quarter-over-quarter percentage change in real gross domestic product (GDP), a key indicator of overall economic activity.
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 provides insights into the pace and direction of economic expansion or contraction. It is a closely watched metric used by policymakers, analysts, and investors to assess the health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
The GDP growth rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The GDP growth rate averaged 2.3% annually from 1947 to 2022.
- Negative growth rates indicate an economic recession.
- The record high quarterly GDP growth rate was 33.8% in Q3 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' series measures the quarter-over-quarter percentage change in real gross domestic product (GDP), a key indicator of overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This quarterly growth rate provides insights into the pace and direction of economic expansion or contraction, making it a critically important metric for policymakers, analysts, and investors 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 GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a critical input for monetary and fiscal policy decisions, as it helps guide central banks and governments in their efforts to stabilize and promote economic growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released on a quarterly basis, with a short delay to allow for comprehensive data collection and analysis.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (PRCNTO01HUQ657S), retrieved from FRED.