Production: Construction: Total construction: Total for G7
Growth rate previous period, Monthly
G7PRCNTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.34
Year-over-Year Change
-350.62%
Date Range
2/1/1990 - 5/1/2025
Summary
The Growth Rate Previous Period, Monthly metric measures the month-over-month change in real gross domestic product (GDP) for the United States. This fundamental economic indicator provides insights into the pace and direction of economic growth.
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 series tracks the monthly percentage change in real GDP, which is a comprehensive measure of the overall economic activity and production within a country. Analyzing this growth rate helps economists and policymakers 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 monthly estimates of real GDP.
Historical Context
Monitoring GDP growth rates is critical for informing fiscal and monetary policy decisions.
Key Facts
- GDP growth rate averaged 2.3% annually from 1947 to 2022.
- The fastest GDP growth rate on record was 16.7% in 1950.
- Negative GDP growth is considered an economic recession.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly metric measures the month-over-month change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: Analyzing GDP growth rates provides crucial insights into the overall health and direction of the U.S. economy, which is essential for economic policymaking and business decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their monthly estimates of real GDP.
Q: How is this trend used in economic policy?
A: Monitoring GDP growth rates is critical for informing fiscal and monetary policy decisions by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Economic Analysis, with a lag of approximately one month.
Related Trends
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G7LFEACNTTSTSAQ
Sales: Retail trade: Total retail trade: Volume for G7
G7SLRTTO01GYSAM
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for G7
G7LFIN55TTSTQ
Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: Females for G7
G7LFHUADFESTSAM
Infra-Annual Labor Statistics: Working-Age Population Female: From 25 to 54 Years for G7
G7LFWA25FESTSAQ
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for G7
G7LFEM55TTGPQ
Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (G7PRCNTO01GPSAM), retrieved from FRED.