Consumer Price Index: Total Food Excluding Restaurants for Germany
Growth Rate Previous Period, Annual
CPGDFD02DEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.83
Year-over-Year Change
4933.79%
Date Range
1/1/1960 - 1/1/2017
Summary
This trend measures the annual growth rate of real gross domestic product (GDP) in the United States, providing a key indicator of economic expansion or contraction.
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, which is a comprehensive measure of the total economic output of the country. This metric is widely tracked by economists, policymakers, and analysts to assess 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 official GDP figures.
Historical Context
This trend is closely monitored for its implications on employment, consumer spending, monetary policy, and other crucial economic factors.
Key Facts
- The highest annual GDP growth rate in the U.S. was 7.9% in 1984.
- The lowest annual GDP growth rate was -2.5% in 2009 during the Great Recession.
- In 2021, the annual GDP growth rate rebounded to 5.7% as the economy recovered from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real gross domestic product (GDP), which is the broadest indicator of economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical metric for assessing the overall health and trajectory of the U.S. economy, with implications for employment, consumer spending, monetary policy, and other key economic factors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by policymakers, central banks, and market analysts to inform decisions on interest rates, fiscal policies, and other economic interventions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is typically released on a quarterly basis, with some lag from the end of the reporting period.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual (CPGDFD02DEA657N), retrieved from FRED.