Consumer Price Index: Total Food Excluding Restaurants for Luxembourg
Growth Rate Same Period Previous Year, Quarterly
CPGDFD02LUQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.79
Year-over-Year Change
-689.34%
Date Range
1/1/1960 - 1/1/2018
Summary
The Growth Rate Same Period Previous Year, Quarterly tracks the year-over-year change in U.S. real GDP. This metric is a key economic indicator used by policymakers and analysts to assess the country's overall 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
This quarterly series measures the percent change in real GDP compared to the same quarter of the previous year. It provides a snapshot of the economy's performance over a 12-month period, helping identify longer-term expansion or contraction trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Historical Context
This growth rate statistic informs economic policy decisions and market outlooks at the national level.
Key Facts
- U.S. real GDP grew 3.2% year-over-year in Q1 2023.
- The growth rate reached a pandemic-era high of 6.9% in Q4 2021.
- GDP growth slowed to 2.6% in Q3 2022 amid high inflation.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Quarterly tracks the year-over-year change in real U.S. Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall pace of economic expansion or contraction, helping policymakers and market participants assess the nation's growth trajectory.
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 quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve, Congress, and the White House.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately one month after the end of each period.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Luxembourg
CPGRLE01LUA659N
International Trade: Exports: Value (Goods): Total for Luxembourg
XTEXVA01LUQ188S
Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Luxembourg
00XFROLUM086NEST
Harmonized Index of Consumer Prices: Spirits for Luxembourg
CP0211LUM086NEST
Pension Fund Assets to GDP for Luxembourg
DDDI13LUA156NWDB
Gross Domestic Product Per Capita for Luxembourg
PCAGDPLUA646NWDB
Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly (CPGDFD02LUQ659N), retrieved from FRED.