Producer Prices Index: Type of Goods: Consumer Goods: Total for Sweden
Growth rate previous period, Quarterly
SWEPITGCG01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.39
Year-over-Year Change
917.11%
Date Range
4/1/1990 - 10/1/2022
Summary
The 'Growth rate previous period, Quarterly' trend measures the quarterly change in real GDP, a key indicator of overall economic performance in the United States.
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 GDP growth rate provides a timely snapshot of the economy's momentum, helping policymakers and analysts track the pace of expansion or contraction in the nation's output.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Historical Context
The GDP growth rate is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- GDP growth rate averaged 2.3% annually from 1947 to 2022.
- Quarterly GDP growth can vary significantly, from -31.2% to 33.8%.
- The U.S. experienced a record GDP contraction of 31.2% in Q2 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' trend measures the quarterly percent change in real gross domestic product (GDP), the broadest indicator of economic output in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial metric for assessing the overall health and momentum of the U.S. economy, helping policymakers, businesses, and investors make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that aim to promote stable economic growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly, with an initial estimate followed by revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (SWEPITGCG01GPQ), retrieved from FRED.