Consumer Price Index: Total Food Excluding Restaurants for Austria
Growth Rate Same Period Previous Year, Annual
CPGDFD02ATA659N • 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 annual growth rate of real GDP compared to the same period in the previous year. It provides insight into the overall health and trajectory of the U.S. economy.
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, Annual is a key indicator used by economists and policymakers to assess the performance of the U.S. economy. It compares the current year's real GDP to the previous year's, offering a snapshot of economic expansion or contraction.
Methodology
This data is calculated by the U.S. Bureau of Economic Analysis based on national accounts data.
Historical Context
Analysts and institutions closely monitor this trend to inform economic policy decisions and market expectations.
Key Facts
- The U.S. economy grew 2.1% in 2022 compared to 2021.
- Positive growth indicates economic expansion, while negative growth signals a recession.
- This statistic is released quarterly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Annual measures the year-over-year change in real GDP, providing insight into the overall pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator is closely watched by policymakers, investors, and analysts to gauge the health and trajectory of the U.S. economy, informing decisions around fiscal and monetary policy, market expectations, and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts data.
Q: How is this trend used in economic policy?
A: Economists and policymakers at institutions like the Federal Reserve closely monitor this indicator to inform monetary policy decisions and provide insight into the overall state of the economy.
Q: Are there update delays or limitations?
A: This data is released quarterly by the Bureau of Economic Analysis, with a delay of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual (CPGDFD02ATA659N), retrieved from FRED.