Production: Manufacturing: Total manufacturing: Total manufacturing for G7
Growth rate same period previous year, Quarterly
G7PRMNTO01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-92.52%
Date Range
1/1/1991 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' series measures the year-over-year change in real gross domestic product (GDP) on a quarterly basis. This key economic indicator provides insight into the pace of overall 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 quarterly growth rate series offers a snapshot of the economy's performance compared to the same quarter in the previous year. It is a widely-tracked metric used by economists, policymakers, and market analysts to assess the strength and trajectory of the broader U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
This growth rate trend informs decisions around monetary and fiscal policy as well as business investment and consumer spending.
Key Facts
- GDP grew 3.2% in Q1 2023 compared to Q1 2022.
- The growth rate has averaged 2.5% over the past 10 years.
- Quarterly GDP growth turned negative in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' series measures the year-over-year change in real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insight into the pace of overall economic growth and is widely used by economists, policymakers, and market analysts to assess the strength and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: This growth rate trend informs decisions around monetary and fiscal policy as well as business investment and consumer spending.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a brief delay after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (G7PRMNTO01GYSAQ), retrieved from FRED.