Growth Rate Previous Period, Annual, Not Seasonally Adjusted
ULQBBU01EEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.55
Year-over-Year Change
-246.42%
Date Range
1/1/1996 - 1/1/2010
Summary
This economic trend measures the year-over-year growth rate in real gross domestic product (GDP), a key indicator of overall economic activity. It provides valuable insights into the pace and trajectory of the U.S. 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 Growth Rate Previous Period, Annual, Not Seasonally Adjusted metric tracks the percent change in real GDP compared to the same period in the prior year. This measure offers an unbiased view of economic growth, as it removes the impact of seasonal fluctuations.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the health and momentum of the broader economy.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- The highest annual GDP growth rate in the last decade was 2.9% in 2015.
- GDP growth turned negative in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real gross domestic product (GDP), which is the broadest indicator of overall economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key barometer of the economy's health and performance. It is closely watched by policymakers, investors, and economists to assess the pace and trajectory of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the GDP growth rate to inform monetary and fiscal policy decisions, as they aim to foster stable and sustainable economic expansion.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly by the Bureau of Economic Analysis, with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (ULQBBU01EEA657S), retrieved from FRED.