National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Switzerland
Growth rate same period previous year, Annual
NAEXKP02CHA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.77
Year-over-Year Change
-19.78%
Date Range
1/1/1981 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' trend measures the year-over-year change in real GDP for the United States. This key economic indicator provides insights into the overall health and trajectory of the national 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
This series represents the annual growth rate of real GDP compared to the same period in the previous year. It is a widely followed metric that helps economists and policymakers evaluate the broader economic climate and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Historical Context
This trend is closely monitored by government agencies, central banks, and market analysts to assess macroeconomic performance and guide policy interventions.
Key Facts
- The U.S. annual GDP growth rate averaged 2.3% from 1947 to 2022.
- Positive GDP growth rates generally indicate a healthy, expanding economy.
- Negative growth rates signal an economic recession.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' measures the year-over-year change in real GDP for the United States.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insights into the overall health and trajectory of the national economy, helping economists and policymakers evaluate macroeconomic performance.
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 GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, central banks, and market analysts to assess macroeconomic conditions and guide policy interventions.
Q: Are there update delays or limitations?
A: The annual GDP growth rate data is typically released with a lag of several months, reflecting the comprehensive nature of the GDP estimates.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP02CHA659S), retrieved from FRED.