Growth Rate Previous Period, Quarterly, Seasonally Adjusted
ULQBBU01G7Q657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
23.53%
Date Range
4/1/1990 - 1/1/2011
Summary
This economic trend measures the quarter-over-quarter growth rate of real gross domestic product (GDP), a key indicator of economic performance. It provides important 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 of real GDP is a widely-followed metric that reflects the change in the total value of goods and services produced in the United States, adjusted for inflation. This data point is crucial for economists, policymakers, and market analysts to assess the health and direction of the economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic indicators.
Historical Context
The GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- GDP growth rate averaged 2.3% over the past decade.
- The economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Positive GDP growth is a sign of economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percent change in real gross domestic product (GDP), the broadest indicator of economic activity 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 direction of the U.S. economy, making it essential for economic policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic indicators.
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 aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a short delay to allow for data collection and analysis.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (ULQBBU01G7Q657S), retrieved from FRED.