Consumer Price Index: Total Food Excluding Restaurants for Austria
Growth Rate Previous Period, Annual
CPGDFD02ATA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.37
Year-over-Year Change
13.51%
Date Range
1/1/1960 - 1/1/2017
Summary
This economic trend measures the annualized growth rate in real Gross Domestic Product (GDP) from the previous period. It provides a key indicator of economic performance and is closely monitored by policymakers.
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 Previous Period, Annual trend represents the year-over-year percent change in real GDP, adjusted for inflation. It is a widely-used metric for assessing the overall health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on the National Income and Product Accounts (NIPA).
Historical Context
Economists and policymakers closely watch this metric to gauge the strength of the economy and inform policy decisions.
Key Facts
- The growth rate averaged 2.3% annually from 2010-2019.
- GDP growth slowed to 2.2% in 2019 as the economy faced trade tensions.
- The COVID-19 pandemic caused GDP to contract 3.4% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annualized percent change in real Gross Domestic Product (GDP) from the previous period, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This is a key indicator of overall economic performance and growth, making it essential for policymakers, businesses, and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on the National Income and Product Accounts (NIPA).
Q: How is this trend used in economic policy?
A: Economists and policymakers closely watch this metric to gauge the strength of the economy and inform policy decisions, such as interest rate adjustments and fiscal stimulus.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual (CPGDFD02ATA657N), retrieved from FRED.