Consumer Price Index: Total Food Excluding Restaurants for the United States
Growth Rate Same Period Previous Year, Annual
CPGDFD02USA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.20
Year-over-Year Change
-110.32%
Date Range
1/1/1960 - 1/1/2017
Summary
The 'Growth Rate Same Period Previous Year, Annual' trend measures the year-over-year percentage change in real gross domestic product (GDP) in the United States. This key economic indicator provides insights into the pace of economic growth and is closely watched by policymakers and analysts.
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 annual growth rate series tracks the change in real GDP compared to the same period in the previous year. It offers a broader perspective on economic performance than quarter-over-quarter growth, which can be more volatile. Economists and policymakers use this metric to assess the overall health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
This trend is a core input for macroeconomic analysis and policy decisions, as it reflects the underlying strength and dynamics of the American economy.
Key Facts
- The U.S. economy grew 2.9% in 2022 compared to 2021.
- GDP growth rate reached a high of 6.9% in Q4 2021.
- The COVID-19 pandemic caused a historic -3.4% GDP decline in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Same Period Previous Year, Annual' measures the year-over-year percentage change in real gross domestic product (GDP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insights into the pace of economic growth and is closely watched by policymakers and analysts 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 established national accounts methodologies.
Q: How is this trend used in economic policy?
A: This trend is a core input for macroeconomic analysis and policy decisions, as it reflects the underlying strength and dynamics of the American economy.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential delays due to the complexity of national accounts calculations.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual (CPGDFD02USA659N), retrieved from FRED.