National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Canada
Growth rate same period previous year, Quarterly
CANGDPRQPSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.31
Year-over-Year Change
-53.39%
Date Range
1/1/1962 - 1/1/2025
Summary
The Growth rate same period previous year, Quarterly indicator measures the year-over-year change in a country's real gross domestic product (GDP). This metric is closely watched by economists and policymakers as a key gauge of economic performance and growth.
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 metric tracks the percent change in a country's real GDP compared to the same quarter in the previous year. This provides a more insightful view of economic growth trends over time, as it controls for seasonal variations in GDP.
Methodology
The data is calculated by the national statistical agency based on quarterly GDP estimates.
Historical Context
Analysts and policymakers use this indicator to assess a country's macroeconomic health and guide decisions on fiscal and monetary policy.
Key Facts
- The metric is annualized, comparing the current quarter to the same quarter one year prior.
- Year-over-year GDP growth provides a more reliable picture of economic momentum than quarter-over-quarter.
- Sustained positive growth rates are a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Quarterly indicator measures the year-over-year change in a country's real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as a key gauge of economic performance and growth over time.
Q: How is this data collected or calculated?
A: The data is calculated by the national statistical agency based on quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to assess a country's macroeconomic health and guide decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 months after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (CANGDPRQPSMEI), retrieved from FRED.