Growth Rate Previous Period, Trend, Annual, Not Seasonally Adjusted
ULQBBU08O1A658N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-94.42%
Date Range
1/1/1971 - 1/1/2010
Summary
This economic trend measures the year-over-year growth rate in real GDP. It provides insights into 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, Trend, Annual, Not Seasonally Adjusted series tracks the annualized percentage change in real GDP compared to the previous year. This metric is widely used by economists and policymakers to evaluate long-term economic performance and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and survey information.
Historical Context
This trend is closely monitored by the Federal Reserve, Congress, and private sector analysts to assess macroeconomic conditions and guide policy interventions.
Key Facts
- The average annual GDP growth rate in the U.S. over the past 20 years is 2.3%.
- Real GDP grew by 5.7% in 2021, the fastest pace since 1984.
- GDP growth slowed to 2.1% in Q4 2022 amid high inflation and rising interest rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in real (inflation-adjusted) gross domestic product (GDP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a key indicator of overall economic health and momentum, making this trend highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and survey information.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and in Congress closely monitor GDP growth to assess macroeconomic conditions and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly with a delay of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Trend, Annual, Not Seasonally Adjusted (ULQBBU08O1A658N), retrieved from FRED.