National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Ireland
Growth rate same period previous year, Quarterly
IRLGDPRQPSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.20
Year-over-Year Change
105.34%
Date Range
1/1/1998 - 4/1/2025
Summary
This economic trend measures the year-over-year growth rate of real GDP on a quarterly basis. It provides important insights into the pace and direction of economic expansion or contraction.
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, quarterly indicator tracks the percent change in real GDP compared to the same quarter of the prior year. This metric is widely used by economists and policymakers to assess the broader trajectory of the economy.
Methodology
The data is calculated based on official real GDP statistics published by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers at the Federal Reserve and other institutions closely monitor this trend to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. economy grew 3.2% year-over-year in Q1 2023.
- Quarterly GDP growth rates can signal shifts in the business cycle.
- This metric is a lagging indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real GDP on a quarterly basis, providing insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of overall economic performance and is closely monitored by policymakers, investors, and analysts to inform decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on official real GDP statistics published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions use this trend to assess the broader economic trajectory and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be a lag of several weeks between the end of a quarter and the publication of the official GDP growth rate data.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (IRLGDPRQPSMEI), retrieved from FRED.