Consumer Price Index: Transport (COICOP 07): Total for Estonia
Growth rate previous period, Quarterly
ESTCP070000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.26
Year-over-Year Change
94.72%
Date Range
4/1/1998 - 10/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of the U.S. economy, providing a timely indicator of overall economic performance.
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 trend tracks the percent change in real GDP from the previous quarter, serving as a key gauge of economic expansion or contraction. It is closely monitored by policymakers, analysts, and investors to assess the health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
This growth rate trend is used to inform monetary and fiscal policy decisions.
Key Facts
- The average quarterly growth rate since 1947 is 0.78%.
- Negative growth rates indicate an economic recession.
- The highest quarterly growth rate on record was 16.7% in 1950.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percent change in real gross domestic product (GDP), the broadest indicator of overall U.S. economic activity.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical metric for assessing the health and direction of the economy, informing policy decisions and market expectations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor the GDP growth rate to guide monetary and fiscal policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly, with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (ESTCP070000GPQ), retrieved from FRED.