National currency, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
BPCRSE01PTQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.32
Year-over-Year Change
-58.68%
Date Range
1/1/1997 - 4/1/2014
Summary
This economic trend measures the year-over-year growth rate of real Gross Domestic Product (GDP), a key indicator of overall economic activity in the United States.
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 series tracks the percentage change in real GDP compared to the same quarter in the previous year. This metric provides insight into the pace and direction of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP estimates.
Historical Context
Economists and policymakers closely monitor this trend to assess the health of the broader economy and inform decisions around fiscal and monetary policy.
Key Facts
- Real GDP grew 2.6% in Q4 2022 compared to Q4 2021.
- The U.S. economy has seen positive year-over-year GDP growth for 11 consecutive quarters.
- GDP growth is a critical indicator of the overall health of the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real Gross Domestic Product (GDP), which is the broadest indicator of economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial metric for economists, policymakers, and market participants to assess the pace and direction of the broader economy.
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 estimates.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor GDP growth trends to inform fiscal and monetary policy decisions, which can impact employment, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly with a lag of approximately one month, reflecting the time required to collect and analyze the underlying economic information.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (BPCRSE01PTQ659S), retrieved from FRED.