Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Turkey
Growth rate previous period, Quarterly
TURPITGCD02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.95
Year-over-Year Change
537.11%
Date Range
4/1/2003 - 10/1/2022
Summary
This economic indicator measures the quarterly growth rate of the U.S. Gross Domestic Product (GDP) compared to the previous quarter. It provides key insights into the pace of economic activity and is closely monitored by policymakers.
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 growth rate previous period, Quarterly measures the quarter-over-quarter percent change in real GDP, the broadest measure of U.S. economic output. It is a leading indicator used to assess the overall health and direction of the economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
This trend is closely watched by the Federal Reserve, analysts, and investors to inform monetary policy decisions and market forecasts.
Key Facts
- GDP grew 2.9% in Q4 2022 compared to the previous quarter.
- The growth rate has fluctuated between -0.6% and 2.9% over the past 2 years.
- This indicator is released alongside the advance GDP estimate each quarter.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter percent change in real U.S. Gross Domestic Product (GDP), the broadest measure of the nation's economic output.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical indicator of the overall health and direction of the U.S. economy, closely watched by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate informs monetary policy decisions by the Federal Reserve and is used by analysts to forecast economic conditions and market trends.
Q: Are there update delays or limitations?
A: This indicator is released alongside the advance GDP estimate each quarter, with an approximate one-month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (TURPITGCD02GPQ), retrieved from FRED.