Producer Prices Index: Type of Goods: Consumer Goods: Total for Russia
Quarterly
RUSPITGCG01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
36.78%
Date Range
1/1/2015 - 10/1/2021
Summary
The Quarterly Gross Domestic Product (GDP) Growth Rate measures the change in the total value of goods and services produced in the U.S. economy over a three-month period. This key economic indicator is closely watched by policymakers, analysts, and businesses to gauge the overall health and direction of the 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 Growth Rate provides a comprehensive snapshot of economic activity, including consumer spending, business investment, government spending, and net exports. It is a widely used metric for assessing the pace of economic expansion or contraction and informing monetary and fiscal policy decisions.
Methodology
The Bureau of Economic Analysis (BEA) calculates the Quarterly GDP Growth Rate based on data collected from a variety of sources, including business surveys, government agencies, and household surveys.
Historical Context
The Quarterly GDP Growth Rate is a critical input for the Federal Reserve and other policymakers in evaluating the need for interest rate adjustments or other interventions to support economic stability and growth.
Key Facts
- The Quarterly GDP Growth Rate is reported as a percentage change from the previous quarter.
- The U.S. economy grew at an annualized rate of 2.9% in the fourth quarter of 2022.
- GDP growth is a key driver of employment, consumer spending, and business investment.
FAQs
Q: What does the Quarterly GDP Growth Rate measure?
A: The Quarterly GDP Growth Rate measures the change in the total value of goods and services produced in the U.S. economy over a three-month period.
Q: Why is the Quarterly GDP Growth Rate relevant for users or analysts?
A: The Quarterly GDP Growth Rate is a crucial economic indicator that provides insights into the overall health and direction of the U.S. economy, informing policy decisions and business strategies.
Q: How is the Quarterly GDP Growth Rate data collected or calculated?
A: The Bureau of Economic Analysis (BEA) calculates the Quarterly GDP Growth Rate based on data collected from various sources, including business surveys, government agencies, and household surveys.
Q: How is the Quarterly GDP Growth Rate used in economic policy?
A: The Quarterly GDP Growth Rate is a key input for the Federal Reserve and other policymakers in evaluating the need for interest rate adjustments or other interventions to support economic stability and growth.
Q: Are there any update delays or limitations for the Quarterly GDP Growth Rate data?
A: The Quarterly GDP Growth Rate data is typically released by the BEA within a month after the end of each quarter, but may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) Growth Rate (RUSPITGCG01GPQ), retrieved from FRED.