Growth Rate Previous Period, Quarterly, Seasonally Adjusted
ULQBBU04FRQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.27
Year-over-Year Change
-2.13%
Date Range
4/1/1978 - 1/1/2011
Summary
This economic trend measures the growth rate of real GDP from the previous quarter, adjusted for seasonal variations. It provides a timely indicator of the overall health and momentum 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, quarterly, and seasonally adjusted metric tracks the percent change in real GDP between consecutive quarters. It is a key statistic used by economists, policymakers, and analysts to assess the pace of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Historical Context
Policymakers and market participants closely monitor this trend to gauge the trajectory of the economy and inform decisions.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted 3.4% in 2020 due to the COVID-19 pandemic.
- GDP rebounded 6.9% in Q4 2021 as the economy recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percent change in real GDP, adjusted for seasonal variations. It provides a timely gauge of the economy's growth momentum.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of economic performance and used by policymakers, investors, and economists to assess the health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers, including the Federal Reserve, closely monitor GDP growth to inform monetary and fiscal policy decisions aimed at promoting stable and sustainable economic expansion.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly 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, Quarterly, Seasonally Adjusted (ULQBBU04FRQ657S), retrieved from FRED.