Consumer Price Index: Total Food Excluding Restaurants for Sweden
Growth Rate Same Period Previous Year, Monthly
CPGDFD02SEM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.08
Year-over-Year Change
108.71%
Date Range
1/1/1960 - 5/1/2018
Summary
The Growth Rate Same Period Previous Year, Monthly trend measures the year-over-year change in gross domestic product (GDP). This metric provides insight into the overall health and momentum of the U.S. economy.
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 economic indicator tracks the percentage change in real GDP between the current month and the same month one year prior. It is a key measure of economic growth and can be used to identify turning points in the business cycle.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
Policymakers and analysts closely monitor this trend to assess the trajectory of the economy and inform economic policy decisions.
Key Facts
- GDP growth rate averaged 2.3% from 2010-2019.
- The fastest annual GDP growth since 2000 was 5.5% in 2014.
- The largest year-over-year decline was -3.4% in 2009 during the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Monthly tracks the year-over-year percentage change in real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and momentum of the U.S. economy, which is crucial for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the trajectory of the economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Economic Analysis, with a typical release lag of about one month.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly (CPGDFD02SEM659N), retrieved from FRED.