Sales: Retail trade: Total retail trade: Volume for G7
Growth rate same period previous year, Quarterly
G7SLRTTO01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.64
Year-over-Year Change
-51.70%
Date Range
1/1/1971 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate in real gross domestic product (GDP) on a quarterly basis. It is a key indicator used by economists and policymakers to assess the overall health and momentum of the U.S. economy.
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
The growth rate same period previous year, Quarterly statistic provides a standardized measure of economic expansion or contraction compared to the same quarter in the prior year. This adjusted figure helps account for seasonal fluctuations and gives a clearer picture of the underlying economic trajectory.
Methodology
The U.S. Bureau of Economic Analysis calculates this metric from comprehensive GDP data.
Historical Context
Policymakers at the Federal Reserve and other institutions closely monitor this trend to inform monetary and fiscal policy decisions.
Key Facts
- The highest year-over-year GDP growth rate in the past decade was 3.2% in Q4 2015.
- The growth rate fell to -9.0% in Q2 2020 due to the COVID-19 pandemic.
- This metric has averaged around 2.5% over the past 20 years.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, Quarterly statistic measures the year-over-year percent change in real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to evaluate the overall momentum and health of the U.S. economy, helping policymakers and analysts identify periods of expansion or contraction.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis compiles this statistic from comprehensive GDP data.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this GDP growth rate trend to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This quarterly metric is typically published with a 1-2 month delay by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (G7SLRTTO01GYSAQ), retrieved from FRED.