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Growth rate previous period, Quarterly
CZEPITGVG01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.76
Year-over-Year Change
1181.02%
Date Range
4/1/2000 - 7/1/2022
Summary
The Growth Rate Previous Period, Quarterly indicator measures the quarter-over-quarter percent change in gross domestic product, 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 quarterly metric is a key indicator used by economists and policymakers to analyze the overall trajectory of the U.S. economy. It offers a timely snapshot of economic performance and helps inform decisions around fiscal and monetary policy.
Methodology
The U.S. Bureau of Economic Analysis calculates this growth rate based on its comprehensive data on quarterly GDP.
Historical Context
Policymakers and market analysts closely monitor this indicator to gauge the health of the economy and inform their economic outlooks.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- The fastest quarterly GDP growth since 1984 was 16.9% in Q3 2020.
- Negative GDP growth is associated with economic recessions.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly indicator measures the quarter-over-quarter percent change in the U.S. gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This key macroeconomic indicator provides timely insight into the pace of economic expansion or contraction, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this growth rate based on its comprehensive data on quarterly GDP.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this indicator to gauge the health of the economy and inform their economic outlooks, which can shape fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: This quarterly indicator is released with a lag of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (CZEPITGVG01GPQ), retrieved from FRED.