Gross Domestic Product for United States
Percent Change
USANGDPRPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.12
Year-over-Year Change
-28.48%
Date Range
1/1/1980 - 1/1/2030
Summary
The 'Percent Change' series measures the quarterly percentage change in real gross domestic product (GDP) for the United States. This data point is a key indicator of economic growth and performance.
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 'Percent Change' series provides a snapshot of the rate at which the overall U.S. economy is expanding or contracting. Economists and policymakers closely monitor this metric to assess the health of the national economy and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive estimates of real GDP.
Historical Context
This trend is widely referenced by government officials, financial analysts, and the media when discussing the current state of the U.S. economy.
Key Facts
- The highest quarterly percent change was 33.8% in Q3 2020.
- The lowest quarterly percent change was -31.2% in Q2 2020.
- GDP growth is a key factor in setting monetary and fiscal policies.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change' series measures the quarterly percentage change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of overall economic health and performance, and is closely monitored by economists, policymakers, and market participants.
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 estimates of real GDP.
Q: How is this trend used in economic policy?
A: GDP growth is a key factor in setting monetary and fiscal policies, as governments and central banks aim to foster stable and sustainable economic expansion.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of several weeks following the end of each quarter.
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Citation
U.S. Federal Reserve, Percent Change (USANGDPRPCH), retrieved from FRED.