Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
BPCRSE01SEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.99
Year-over-Year Change
-83.40%
Date Range
1/1/1983 - 4/1/2014
Summary
This economic trend measures the growth rate of real gross domestic product (GDP) compared to the same quarter of the previous year, adjusted for seasonal variations. It provides insights into the pace of economic expansion or contraction over time.
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 metric for analyzing the performance of the U.S. economy. It allows economists and policymakers to assess the strength and direction of economic growth, which informs decisions around monetary and fiscal policies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
This trend is closely monitored by the Federal Reserve, economic analysts, and market participants to gauge the overall health of the economy.
Key Facts
- GDP growth rate averaged 2.3% from 1947 to 2022.
- The highest recorded growth rate was 16.9% in Q4 1950.
- The lowest recorded growth rate was -8.9% in Q2 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real gross domestic product (GDP), adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and performance of the U.S. economy, which is vital information for policymakers, businesses, and investors.
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 estimates of GDP.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other policymakers to inform decisions around monetary and fiscal policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a standard delay of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (BPCRSE01SEQ659S), retrieved from FRED.