National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Turkey
Growth rate same period previous year, Quarterly
TURGDPRQPSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.42
Year-over-Year Change
-66.82%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year change in real Gross Domestic Product (GDP) on a quarterly basis. This trend is a key indicator of the overall economic health and direction.
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 economic indicator tracks the annualized rate of change in real GDP compared to the same quarter in the previous year. It provides insight into the pace and momentum of economic growth or contraction over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the chained-dollar method to adjust for inflation.
Historical Context
Policymakers and analysts closely monitor this metric to gauge the trajectory of the economy and inform economic and monetary policy decisions.
Key Facts
- The GDP growth rate in Q2 2022 was 1.9% compared to the same quarter in 2021.
- Quarterly GDP growth rates are published by the Bureau of Economic Analysis with a lag of approximately one month.
- GDP growth is a key indicator of the overall health and direction of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' metric measures the annualized rate of change in real Gross Domestic Product (GDP) compared to the same quarter in the previous year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the pace and momentum of economic growth or contraction, which is critical for policymakers, investors, and economic analysts to assess the state of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the chained-dollar method to adjust for inflation.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this metric to gauge the trajectory of the economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: Quarterly GDP growth rates are published by the Bureau of Economic Analysis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (TURGDPRQPSMEI), retrieved from FRED.