Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
BPCRSE01INQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.05
Year-over-Year Change
-40.46%
Date Range
1/1/1960 - 4/1/2011
Summary
This economic indicator measures the year-over-year growth rate of gross domestic product (GDP) on a quarterly basis, adjusted for seasonal variations. It is a key metric for evaluating 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 same period previous year, quarterly, seasonally adjusted is a vital statistic that provides insights into the pace of economic expansion or contraction. It compares the current quarter's GDP to the same quarter in the prior year, allowing analysts to assess the economy's performance relative to the previous period.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
This trend is closely monitored by policymakers, investors, and economists to inform decisions about monetary policy, fiscal measures, and market strategies.
Key Facts
- GDP growth rate was 2.6% in Q4 2022.
- The trend has averaged 2.3% over the past 10 years.
- GDP growth slowed to 1.1% in Q3 2022 from 3.2% in Q2 2022.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of gross domestic product (GDP) on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial metric for evaluating the overall health and momentum of the U.S. economy, informing decisions by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to inform decisions about monetary policy, fiscal measures, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (BPCRSE01INQ659S), retrieved from FRED.