International Merchandise Trade Statistics: Exports: Commodities for Canada
Growth rate previous period, Quarterly
XTEXVA01CAQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
-58.37%
Date Range
4/1/1957 - 1/1/2025
Summary
The Growth Rate Previous Period, Quarterly trend measures the quarterly percent change in real gross domestic product (GDP) compared to the previous quarter. This key economic indicator provides insights into the pace and direction of overall economic activity.
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
This series tracks the quarter-over-quarter growth rate of real GDP, which is a comprehensive measure of the value of all goods and services produced in the United States. It is a widely watched indicator used by policymakers, analysts, and businesses to assess the health and trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Historical Context
The growth rate is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- GDP grew 2.6% in Q4 2022 compared to the previous quarter.
- The growth rate has averaged 2.3% over the past 10 years.
- Negative growth rates signal an economic recession.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly measures the percent change in real GDP from one quarter to the next, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall health of the economy and is closely watched by policymakers, businesses, and investors to gauge the direction and momentum of economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Q: How is this trend used in economic policy?
A: The quarterly GDP growth rate is a crucial input for the Federal Reserve and other policymakers when making decisions about monetary policy, such as adjusting interest rates, to support economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is typically released by the Bureau of Economic Analysis with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (XTEXVA01CAQ657S), retrieved from FRED.