Growth Rate Same Period Previous Year, Annual
CPGDFD02G7A659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-120.83%
Date Range
1/1/1971 - 1/1/2016
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 pace 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 Same Period Previous Year, Annual metric tracks the year-over-year change in real GDP, which is a key indicator of macroeconomic performance. Economists and policymakers analyze this data to assess the health and trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics.
Historical Context
This trend is closely watched by analysts, investors, and government agencies to inform economic policy decisions.
Key Facts
- Real GDP grew 2.6% in 2022 compared to 2021.
- The highest annual growth rate in the last decade was 5.9% in 2021.
- Negative growth indicates an economic recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of real GDP compared to the same period in the previous year, providing insight into the overall pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of macroeconomic performance and is closely watched by economists, policymakers, and market participants to assess the health and trajectory of the broader economy.
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 statistics.
Q: How is this trend used in economic policy?
A: This trend is used by analysts, investors, and government agencies to inform economic policy decisions, as it provides insight into the overall pace of economic expansion or contraction.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual (CPGDFD02G7A659N), retrieved from FRED.