Consumer Price Index: OECD Groups: Goods: Total for Hungary
Quarterly
HUNCPGRGO01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
-98.84%
Date Range
4/1/2007 - 7/1/2023
Summary
The Quarterly Gross Domestic Product (GDP) Growth Rate measures the percent change in the total value of goods and services produced in the United States over a three-month period. It is a key economic indicator used to assess the health and direction 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 Quarterly GDP Growth Rate is a widely-watched metric that provides insight into the overall economic performance of the United States. It is used by policymakers, analysts, and investors to gauge the strength and trajectory of the economy and inform decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Historical Context
The GDP Growth Rate is a crucial input for monetary and fiscal policy decisions made by the Federal Reserve and government.
Key Facts
- GDP grew by 6.9% in Q4 2021.
- The GDP Growth Rate averaged 2.3% from 1947 to 2022.
- Negative GDP Growth indicates an economic recession.
FAQs
Q: What does the Quarterly GDP Growth Rate measure?
A: The Quarterly GDP Growth Rate measures the percent change in the total value of goods and services produced in the United States over a three-month period.
Q: Why is the Quarterly GDP Growth Rate relevant for users or analysts?
A: The GDP Growth Rate is a key indicator of overall economic performance and is closely watched by policymakers, analysts, and investors to assess the health and direction of the U.S. economy.
Q: How is the Quarterly GDP Growth Rate data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Q: How is the Quarterly GDP Growth Rate used in economic policy?
A: The GDP Growth Rate is a crucial input for monetary and fiscal policy decisions made by the Federal Reserve and government to manage the economy.
Q: Are there any update delays or limitations with the Quarterly GDP Growth Rate data?
A: The Quarterly GDP Growth Rate data is subject to revisions and may have a short delay before being published by the government.
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) Growth Rate (HUNCPGRGO01GPQ), retrieved from FRED.