Production: Construction: Total construction: Total for G7
Growth rate previous period, Quarterly
G7PRCNTO01GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.30
Year-over-Year Change
-106.22%
Date Range
4/1/1990 - 1/1/2025
Summary
The Growth Rate Previous Period, Quarterly measures the quarter-over-quarter percent change in real GDP. This key economic indicator provides insight 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 represents the seasonally adjusted annualized rate of change in real GDP from the previous quarter. It is a widely tracked metric that economists and policymakers use to assess the health and trajectory of the overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Historical Context
Tracking the growth rate is crucial for informing monetary and fiscal policy decisions.
Key Facts
- The growth rate reached a high of 33.8% in Q3 2020.
- GDP growth slowed to 2.9% in Q4 2022.
- Positive growth rates indicate an expanding economy.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly measures the quarter-over-quarter percent change in real GDP, providing insight into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of economic health and performance, informing decisions by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Tracking the GDP growth rate is essential for guiding monetary and fiscal policy decisions to support economic stability and expansion.
Q: Are there update delays or limitations?
A: The data is released 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 (G7PRCNTO01GPSAQ), retrieved from FRED.