Sales: Retail Trade: Total Retail Trade: Volume for Canada
Growth rate previous period, Annual
SLRTTO01CAA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.42
Year-over-Year Change
-580.33%
Date Range
1/1/1971 - 1/1/2021
Summary
The growth rate previous period, annual measures the year-over-year change in the total output of the U.S. economy. It is a key indicator of the overall health and momentum of the national 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
This annual growth rate metric tracks changes in real gross domestic product (GDP), which is the broadest measure of economic activity. Economists and policymakers closely monitor this trend to assess the direction and pace of economic expansion or contraction.
Methodology
The data is calculated based on official GDP statistics published by the U.S. Bureau of Economic Analysis.
Historical Context
The annual GDP growth rate informs fiscal and monetary policy decisions.
Key Facts
- The U.S. economy grew 2.1% in 2022.
- GDP growth slowed to 0.7% in Q3 2022.
- Annual GDP growth averaged 2.3% from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, annual measures the year-over-year change in real gross domestic product (GDP), which is the broadest indicator of the overall size and output of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth metric is a key indicator of the health and momentum of the national economy, and it informs important fiscal and monetary policy decisions by the government and Federal Reserve.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP statistics published quarterly by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The annual GDP growth rate is closely watched by economists, investors, and policymakers as it provides insight into the overall direction and pace of the U.S. economy, which informs decisions around fiscal, monetary, and other economic policies.
Q: Are there update delays or limitations?
A: The GDP growth data has a delay of approximately one month between the end of the quarter and the initial release of the growth rate figure.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (SLRTTO01CAA657S), retrieved from FRED.