National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Portugal
Quarterly
PRTGDPNQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,742,839,000.00
Year-over-Year Change
30.19%
Date Range
1/1/1995 - 7/1/2023
Summary
The Quarterly Gross Domestic Product (GDP) Nowcast measures the current quarter's GDP growth rate based on leading economic indicators. It provides timely, high-frequency insights into the overall health of the U.S. economy.
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 GDP Nowcast is an estimate of the current quarter's GDP growth rate, updated frequently as new data becomes available. It serves as an early indicator of economic performance, helping policymakers and analysts assess the state of the economy in near real-time.
Methodology
The data is calculated by the Federal Reserve based on a dynamic factor model that incorporates a range of economic indicators.
Historical Context
The Quarterly GDP Nowcast is closely monitored by economists, investors, and policymakers to inform economic decision-making and forecasting.
Key Facts
- The Quarterly GDP Nowcast is updated frequently as new data becomes available.
- It provides an early estimate of the current quarter's GDP growth rate.
- The Nowcast helps policymakers and analysts assess the health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Quarterly GDP Nowcast measures the current quarter's GDP growth rate based on leading economic indicators.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly GDP Nowcast provides timely, high-frequency insights into the overall health of the U.S. economy, helping policymakers and analysts assess economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on a dynamic factor model that incorporates a range of economic indicators.
Q: How is this trend used in economic policy?
A: The Quarterly GDP Nowcast is closely monitored by economists, investors, and policymakers to inform economic decision-making and forecasting.
Q: Are there update delays or limitations?
A: The Quarterly GDP Nowcast is updated frequently as new data becomes available, providing near real-time insights into the state of the economy.
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Harmonized Index of Consumer Prices: Bread and Cereals for Portugal
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) Nowcast (PRTGDPNQDSMEI), retrieved from FRED.