Growth Rate Previous Period, Quarterly
CPGREN01O1Q657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
-187.50%
Date Range
4/1/1970 - 7/1/2017
Summary
The Growth Rate Previous Period, Quarterly indicator measures the quarter-over-quarter change in real gross domestic product (GDP), providing insight into the 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
This metric is widely used by economists and policymakers to analyze the overall health and trajectory of the U.S. economy. It is a key input for forecasting, monetary policy decisions, and assessing the effectiveness of economic interventions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
Growth rate trends are closely monitored by the Federal Reserve and other institutions to guide policy responses aimed at promoting stable, sustainable economic growth.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 1948 to 2022.
- Negative growth rates indicate an economic recession.
- GDP growth is a key driver of employment, consumer spending, and business investment.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly indicator measures the quarter-over-quarter percent change in real gross domestic product (GDP), which reflects the overall pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is a critical barometer of economic health and performance, informing forecasts, policy decisions, and assessments of the effectiveness of economic interventions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive estimates of gross domestic product.
Q: How is this trend used in economic policy?
A: Growth rate trends are closely monitored by the Federal Reserve and other institutions to guide policy responses aimed at promoting stable, sustainable economic expansion.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a brief delay, providing timely but not real-time information on the pace of economic activity.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly (CPGREN01O1Q657N), retrieved from FRED.