Consumer Price Index: Total Food Excluding Restaurants for Austria
Growth Rate Same Period Previous Year, Quarterly
CPGDFD02ATQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.62
Year-over-Year Change
86.67%
Date Range
1/1/1960 - 1/1/2018
Summary
This economic trend measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis. It is a key indicator of overall economic performance and growth trajectory.
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 real GDP compared to the same quarter of the prior year. This allows analysts to assess economic momentum and spot emerging trends over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and survey data.
Historical Context
This GDP growth rate is widely used by policymakers, investors, and economists to inform macroeconomic analysis and decision-making.
Key Facts
- GDP grew 3.2% year-over-year in Q1 2023.
- The fastest quarterly GDP growth rate since 2021.
- Steady economic expansion despite high inflation.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in real gross domestic product (GDP) on a quarterly basis, providing insight into the economy's growth trajectory.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of overall economic performance and health, making it highly relevant for policymakers, investors, and economists analyzing macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and survey data.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor GDP growth to inform monetary and fiscal policy decisions, as it reflects the broader state of the economy.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released on a quarterly basis, 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, Quarterly (CPGDFD02ATQ659N), retrieved from FRED.