Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Estonia
Growth rate same period previous year, Quarterly
ESTPITGCD02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.65
Year-over-Year Change
-3002.65%
Date Range
1/1/2003 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in real gross domestic product (GDP) for the United States, a key indicator of economic growth and 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
This quarterly series tracks the percent change in real GDP compared to the same quarter in the prior year. It provides insight into the pace and direction of the overall economy, helping analysts and policymakers assess economic health and guide decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Historical Context
Economists and government agencies closely monitor this trend to understand broader macroeconomic conditions and inform economic policies.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
- GDP growth turned negative in 2020 due to the COVID-19 pandemic.
- Rapid GDP growth is a key policy goal to boost employment and living standards.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' tracks the year-over-year percent change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides critical insight into the overall pace and direction of the U.S. economy, helping analysts, policymakers, and the public assess economic health and performance.
Q: How is this data collected or calculated?
A: The data is calculated quarterly by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: Economists and government agencies closely monitor GDP growth to understand macroeconomic conditions and inform decisions on fiscal, monetary, and other economic policies.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a brief delay to allow for data collection and analysis.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (ESTPITGCD02GYQ), retrieved from FRED.