National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Colombia
Growth rate previous period
COLNAEXKP07GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.16
Year-over-Year Change
-79.08%
Date Range
4/1/2005 - 1/1/2025
Summary
The Growth Rate Previous Period measures the quarter-over-quarter change in real gross domestic product, serving as a key indicator of economic 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
This series tracks the seasonally adjusted annualized growth rate of real GDP compared to the previous quarter. It is a widely followed metric for assessing the strength and trajectory of the overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive national accounts.
Historical Context
Policymakers and analysts closely monitor this growth rate to inform decisions around monetary and fiscal policy.
Key Facts
- The average growth rate from 1948 to 2022 is 3.1%.
- Negative growth rates indicate an economic recession.
- This metric is a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period tracks the quarter-over-quarter change in real gross domestic product, a key indicator of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This growth rate is a widely followed metric used by policymakers, economists, and investors to assess the strength and trajectory of the overall economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive national accounts.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this growth rate to inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis with a short lag.
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Citation
U.S. Federal Reserve, Growth rate previous period (COLNAEXKP07GPSAQ), retrieved from FRED.