National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for United States
Growth rate same period previous year, Quarterly
NAEXKP02USQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
-13.54%
Date Range
1/1/1948 - 4/1/2025
Summary
This economic trend measures the growth rate of real GDP compared to the same quarter in the previous year. It provides insights into the pace of economic expansion or contraction over time.
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 metric tracks the year-over-year change in real GDP, adjusting for inflation. This indicator is widely used by economists and policymakers 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 based on quarterly GDP figures.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Real GDP growth averaged 2.3% annually from 2010-2019.
- The COVID-19 pandemic caused a 3.4% contraction in 2020.
- Quarterly GDP growth rebounded to 6.9% in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real GDP, adjusting for inflation. It provides 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 economic health and a critical input for policymakers and investors in assessing the overall state 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 based on quarterly GDP figures.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions aimed at promoting sustainable economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a slight delay after the end of each period. There may be revisions to historical figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP02USQ659S), retrieved from FRED.