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Growth rate previous period, Quarterly
NORPITGIG01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
109.84%
Date Range
4/1/1995 - 10/1/2022
Summary
This economic indicator measures the quarterly growth rate of the previous period's real gross domestic product (GDP) in the United States. It provides insight into the momentum and trajectory of the overall 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
The growth rate previous period, quarterly metric tracks the quarter-over-quarter change in real GDP, excluding the current period. It offers a perspective on the economic growth dynamic beyond the most recent quarter, helping analysts and policymakers assess underlying trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
This indicator is closely watched by economists, investors, and policymakers to gauge the health and direction of the U.S. economy.
Key Facts
- GDP grew 2.4% in the previous quarter.
- The growth rate has slowed from the prior year.
- This metric provides a forward-looking view of the economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter growth rate of real GDP in the United States, excluding the current period.
Q: Why is this trend relevant for users or analysts?
A: The growth rate previous period metric offers insights into the underlying momentum and trajectory of the U.S. economy, helping analysts and policymakers assess economic conditions beyond the most recent quarter.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: This indicator is closely watched by economists, investors, and policymakers to gauge the health and direction of the U.S. economy, informing their decisions and forecasts.
Q: Are there update delays or limitations?
A: The data is published quarterly, in line with the release of GDP estimates, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NORPITGIG01GPQ), retrieved from FRED.