Growth Rate Same Period Previous Year, Quarterly
CPGREN01O1Q659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.80
Year-over-Year Change
544.44%
Date Range
1/1/1971 - 7/1/2017
Summary
This economic trend measures the growth rate of a key economic indicator compared to the same period in the previous year. It provides insight into the pace of economic expansion or contraction over time.
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 is a common way to analyze quarterly economic data, as it helps adjust for seasonal variations and provides a year-over-year perspective on the underlying trend.
Methodology
The data is calculated by the U.S. Federal Reserve based on quarterly economic indicators.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess the health and trajectory of the U.S. economy.
Key Facts
- The growth rate is expressed as a percentage change.
- This metric is calculated on a quarterly basis.
- It provides a more stable view of economic trends compared to quarter-over-quarter changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage change in a key economic indicator compared to the same quarter in the previous year. It provides insight into the pace of economic expansion or contraction over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and market analysts to assess the health and trajectory of the U.S. economy, as it helps adjust for seasonal variations and provides a year-over-year perspective on the underlying trend.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on quarterly economic indicators.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, central banks, and other institutions to evaluate the state of the economy and inform policy decisions, such as adjusting interest rates or implementing fiscal measures.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be a short delay between the end of the reference period and the public release of the data.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly (CPGREN01O1Q659N), retrieved from FRED.