National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Ireland
Growth rate previous period, Annual
NAEXKP04IEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-28.47
Year-over-Year Change
-274.61%
Date Range
1/1/1998 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in real gross domestic product (GDP) for the United States. This key economic indicator provides insights into the overall health and momentum of the U.S. 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 annual growth rate metric tracks the percentage change in real GDP compared to the previous year. It is a widely followed indicator used by economists, policymakers, and market analysts to assess the country's economic performance and guide policy decisions.
Methodology
The data is calculated based on official GDP figures reported by the U.S. Bureau of Economic Analysis.
Historical Context
The growth rate is closely monitored for signs of economic expansion or contraction, informing fiscal and monetary policy actions.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth rates can be volatile, while the annual figure provides a more stable trend.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' metric measures the year-over-year percentage change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides important insights into the overall health and momentum of the U.S. economy, informing the decisions of policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other policymakers to assess the state of the economy and guide fiscal and monetary policy actions.
Q: Are there update delays or limitations?
A: The annual GDP growth rate data is typically released with a lag of several months, and can be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP04IEA657S), retrieved from FRED.