National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G7
Growth rate same period previous year
G7NAEXKP01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.52
Year-over-Year Change
-65.36%
Date Range
1/1/1963 - 1/1/2025
Summary
The 'Growth rate same period previous year' metric measures the year-over-year percent change in an economic indicator, providing insight into the pace of economic growth over time.
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 metric is used to analyze economic trends and cycles by comparing the current value of an indicator to the same period in the previous year. It offers a standardized way to account for seasonal factors and highlight underlying growth dynamics.
Methodology
The data is calculated as the percent change between the current value and the value from the same period one year prior.
Historical Context
Economists and policymakers closely monitor this metric to assess the strength and trajectory of the economy.
Key Facts
- Measures year-over-year percent change
- Accounts for seasonal factors
- Provides insight into economic growth cycles
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in an economic indicator, providing insight into the pace of economic growth over time.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers closely monitor this metric to assess the strength and trajectory of the economy, as it offers a standardized way to analyze economic trends and cycles.
Q: How is this data collected or calculated?
A: The data is calculated as the percent change between the current value and the value from the same period one year prior.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate the performance of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential revisions as the underlying economic indicators.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (G7NAEXKP01GYSAQ), retrieved from FRED.