Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
BPDBSE01INQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-48.40
Year-over-Year Change
-251.30%
Date Range
1/1/1960 - 4/1/2011
Summary
This economic trend measures the year-over-year growth rate for a given quarter, adjusted for seasonal variations. It provides insight 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 indicator tracks changes in economic activity compared to the same quarter in the prior year. This metric is widely used by economists and policymakers to analyze the trajectory of the broader economy.
Methodology
The data is calculated from gross domestic product (GDP) figures published by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform macroeconomic policy decisions.
Key Facts
- The U.S. economy grew 2.9% year-over-year in Q4 2022.
- Growth rates are adjusted for typical seasonal variations.
- This indicator is a key input for monetary and fiscal policy decisions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year growth rate of the U.S. economy on a quarterly basis, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year provides valuable insight into the pace of economic expansion or contraction, which is crucial for economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is derived from quarterly GDP figures published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by the Federal Reserve and other policymakers to inform monetary policy and assess the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of one month after the end of the reference period. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (BPDBSE01INQ659S), retrieved from FRED.