Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
BPCRSE01CZQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.92
Year-over-Year Change
-63.72%
Date Range
1/1/1994 - 4/1/2014
Summary
This economic trend measures the growth rate of real gross domestic product (GDP) compared to the same quarter in the previous year, providing a perspective on the overall pace of economic expansion.
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 is a key indicator used by economists and policymakers to assess the long-term trajectory of the economy. It allows for seasonal adjustments and provides a year-over-year comparison, offering insights into the strength and sustainability of economic growth.
Methodology
The data is calculated based on real GDP figures reported by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The growth rate same period previous year reached a high of 7.5% in Q2 2021.
- This trend experienced a sharp decline to -9.0% in Q2 2020 due to the COVID-19 pandemic.
- Positive values indicate an expanding economy, while negative values signal a contracting economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the growth rate of real gross domestic product (GDP) compared to the same quarter in the previous year, providing a perspective on the overall pace of economic expansion.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year is a key indicator used by economists and policymakers to assess the long-term trajectory of the economy and inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on real GDP figures reported by the U.S. Bureau of Economic Analysis.
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, as it provides insights into the strength and sustainability of economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of several weeks after the end of the reference quarter.
Related Trends
Outstanding Total International Debt Securities to GDP for Czech Republic
DDDM07CZA156NWDB
International Merchandise Trade Statistics: Imports: Commodities for Czechia
XTIMVA01CZM667S
Infra-Annual Labor Statistics: Monthly Unemployment Female: 15 Years or over for Czechia
LFHUTTFECZM647S
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Czechia
CZEPROCONQISMEI
Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Czechia
CZEPERMITQISMEI
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Czechia
LRHU24FECZA156N
Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (BPCRSE01CZQ659S), retrieved from FRED.