Production: Industry: Total Industry Including Construction for Costa Rica
Growth rate previous period, Quarterly
CRIPRINTO02GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.87
Year-over-Year Change
23.30%
Date Range
4/1/1991 - 7/1/2023
Summary
The Growth rate previous period, Quarterly trend measures the quarter-over-quarter change in real gross domestic product (GDP) for the United States. This data point is a key indicator of economic growth and a critical input for policymakers and analysts.
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 previous period, Quarterly tracks the percentage change in real GDP from the previous quarter. It reflects the rate of expansion or contraction in the overall U.S. economy and is a widely-followed statistic for assessing economic performance and informing policy decisions.
Methodology
This data is calculated by the U.S. Bureau of Economic Analysis based on GDP estimates.
Historical Context
Analysts and policymakers use this growth rate to gauge the momentum of the economy and make informed decisions about fiscal and monetary policies.
Key Facts
- The growth rate is annualized and reported as a percentage.
- Q4 2022 growth rate was 2.9%.
- GDP growth slowed in 2022 amid high inflation.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Quarterly measures the quarter-over-quarter change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This growth rate is a critical indicator of economic performance and a key input for policymakers and analysts to assess the momentum of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on GDP estimates.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this growth rate to gauge the overall state of the economy and inform decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (CRIPRINTO02GPSAQ), retrieved from FRED.