Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
BPDBSE01CZQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.77
Year-over-Year Change
-58.75%
Date Range
1/1/1994 - 4/1/2014
Summary
This economic indicator measures the year-over-year growth rate in Gross Domestic Product (GDP), providing insight into the pace of economic expansion or contraction 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 trend reports the annualized change in real GDP compared to the same quarter in the previous year. It is a key statistic used by economists and policymakers to assess the health and trajectory of the overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This GDP growth rate trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The GDP growth rate averaged 2.3% from 1947 to 2022.
- The fastest quarterly GDP growth rate was 33.8% in Q3 2020.
- Negative GDP growth indicates an economic recession.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate in real Gross Domestic Product (GDP), the broadest measure of economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical barometer of the economy's performance and is closely watched by policymakers, businesses, and investors to assess the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for the Federal Reserve and other government agencies when making monetary and fiscal policy decisions to promote 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 lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (BPDBSE01CZQ659S), retrieved from FRED.