International Merchandise Trade Statistics: Imports: Commodities for Ireland
Growth rate same period previous year, Quarterly, Seasonally Adjusted
XTIMVA01IEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.74
Year-over-Year Change
-63.84%
Date Range
1/1/1958 - 1/1/2025
Summary
This economic indicator measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis, adjusted for seasonal variations. It provides insight into the overall health 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 same period previous year is a key metric used by economists and policymakers to analyze economic performance. It compares the current quarter's GDP to the same quarter in the previous year, giving a sense of the economy's direction and rate of expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform macroeconomic policy decisions.
Key Facts
- The growth rate averaged 2.3% from 2010-2019.
- The largest year-over-year decline was -31.2% in Q2 2020 during the COVID-19 pandemic.
- The highest growth rate on record was 33.8% in Q3 2020 as the economy rebounded.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key metric used by economists and policymakers to assess the overall 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 using national accounts information.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis with a typical 1-month publication delay.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (XTIMVA01IEQ659S), retrieved from FRED.