National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Ireland
Growth rate previous period, Quarterly
NAEXKP03IEQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.07
Year-over-Year Change
131.29%
Date Range
4/1/1997 - 1/1/2025
Summary
The 'Growth rate previous period, Quarterly' measures the quarter-over-quarter change in real gross domestic product, which is a key indicator of overall economic performance.
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 annualized quarter-over-quarter percent change in real GDP, a widely-tracked metric that reflects the rate of economic growth. It is a crucial data point for economists, policymakers, and analysts to assess the health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Historical Context
This growth rate figure is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Measured as annualized percent change.
- Reflects the pace of economic expansion or contraction.
- One of the most widely followed economic indicators.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' metric measures the quarter-over-quarter percent change in real gross domestic product, a key indicator of overall economic performance and growth.
Q: Why is this trend relevant for users or analysts?
A: This growth rate figure is a crucial data point that helps economists, policymakers, and market analysts assess the health and trajectory of the U.S. economy. It informs important decisions around monetary and fiscal policy.
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: The quarterly GDP growth rate is closely monitored by the Federal Reserve and other institutions to help inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released on a quarterly basis by the Bureau of Economic Analysis, with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP03IEQ657S), retrieved from FRED.