Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Austria
Growth rate previous period, Quarterly
AUTPITGND02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.76
Year-over-Year Change
262.88%
Date Range
4/1/2000 - 10/1/2022
Summary
This economic indicator measures the quarterly growth rate of gross domestic product (GDP) in the United States. It provides insight 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
The growth rate previous period, quarterly statistic represents the quarter-over-quarter percent change in real GDP. It is a key macroeconomic indicator used by policymakers, analysts, and economists to assess economic performance and guide decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts.
Historical Context
This growth rate metric informs monetary and fiscal policy, as well as market and investment strategies.
Key Facts
- The U.S. GDP growth rate averaged 2.3% from 1947 to 2022.
- Negative growth rates indicate an economic recession.
- Quarterly GDP growth is a leading indicator of overall economic health.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter percent change in real gross domestic product (GDP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key macroeconomic indicator used to assess the overall health and momentum of the U.S. economy, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts.
Q: How is this trend used in economic policy?
A: The GDP growth rate metric informs monetary and fiscal policy decisions made by the Federal Reserve and government to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released on a quarterly basis with a delay of approximately one month after the end of the quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (AUTPITGND02GPQ), retrieved from FRED.