Consumer Price Index: Total Food Excluding Restaurants for Denmark
Growth Rate Previous Period, Annual
CPGDFD02DKA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.81
Year-over-Year Change
334.36%
Date Range
1/1/1967 - 1/1/2017
Summary
The 'Growth Rate Previous Period, Annual' trend measures the year-over-year percentage change in real gross domestic product (GDP) for the United States. This metric is a key indicator of economic growth and performance.
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 annual growth rate trend provides insight into the pace of expansion or contraction in the U.S. economy. It is widely followed by economists, policymakers, and market analysts to assess the overall health and trajectory of the national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Historical Context
The GDP growth rate is a crucial input for federal reserve policy decisions and is closely watched by investors and businesses.
Key Facts
- U.S. GDP grew by 2.3% in 2022.
- The fastest GDP growth rate was 13.9% in 1950.
- Negative GDP growth indicates an economic recession.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Previous Period, Annual' measures the year-over-year percentage change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic growth and performance, making it a crucial data point for economists, policymakers, and market participants.
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 GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a crucial input for federal reserve policy decisions and is closely watched by investors and businesses to assess the health of the U.S. economy.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a typical 1-month lag.
Related Trends
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DNKCPALTT01IXNBQ
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Denmark
LRAC25TTDKQ156S
Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Denmark
MANMM101DKM189S
Consumer Price Index: Services Less Housing for Denmark
DNKCPISXHAINMEI
Infant Mortality Rate for Denmark
SPDYNIMRTINDNK
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Denmark
CPHPTT01DKM659N
Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual (CPGDFD02DKA657N), retrieved from FRED.