Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Estonia
Quarterly
ESTCP030000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.51
Year-over-Year Change
-139.09%
Date Range
1/1/1999 - 1/1/2025
Summary
The Quarterly Percent Change in Real GDP measures the quarterly rate of change in the inflation-adjusted total output of goods and services produced by the U.S. economy. This metric is a key indicator of overall economic growth and health.
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
Real GDP, or Gross Domestic Product adjusted for inflation, is the broadest measure of economic activity in the United States. The quarterly percent change in this figure is closely watched by policymakers, analysts, and investors to gauge the pace and direction of the nation's economic expansion or contraction.
Methodology
The Bureau of Economic Analysis (BEA) calculates this statistic based on comprehensive economic data collected through household and business surveys.
Historical Context
Quarterly GDP growth trends are a crucial input for the Federal Reserve's monetary policy decisions and assessments of the overall economy.
Key Facts
- Quarterly GDP growth averaged 2.3% from 1947 to 2022.
- The largest quarterly GDP decline on record was -31.2% in Q2 2020 during the COVID-19 pandemic.
- The fastest quarterly GDP growth was 16.9% in Q3 1950 during the Korean War expansion.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Percent Change in Real GDP measures the quarter-over-quarter rate of change in the total inflation-adjusted output of goods and services produced by the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Quarterly GDP growth is a fundamental indicator of overall economic health and performance, closely watched by policymakers, investors, and economists to assess the pace and direction of the nation's economic expansion or contraction.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis (BEA) calculates this statistic based on comprehensive economic data collected through household and business surveys.
Q: How is this trend used in economic policy?
A: Quarterly GDP growth trends are a crucial input for the Federal Reserve's monetary policy decisions and assessments of the overall economy.
Q: Are there update delays or limitations?
A: The Quarterly Percent Change in Real GDP is published by the BEA with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Percent Change in Real GDP (ESTCP030000GYQ), retrieved from FRED.