Producer Prices Index: Economic Activities: Energy: Domestic for Luxembourg
Growth rate same period previous year, Quarterly
LUXPIEAEN02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.47
Year-over-Year Change
586.11%
Date Range
1/1/2001 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in real gross domestic product (GDP) for the United States on a quarterly basis. This metric is closely watched 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
This economic trend represents the percent change in real GDP from the same quarter in the previous year. It provides a broader perspective on economic growth than the quarter-over-quarter GDP figures, allowing for analysis of long-term trends and seasonal patterns.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the official GDP estimates.
Historical Context
The growth rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and government.
Key Facts
- The average annual GDP growth rate from 2010-2019 was 2.3%.
- The record high quarterly growth rate was 33.8% in Q3 2020.
- GDP growth slowed to 2.9% in Q4 2022 amid rising interest rates.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' measures the year-over-year percent change in real gross domestic product (GDP) for the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the long-term trajectory and momentum of the U.S. economy, allowing for analysis of seasonal patterns and identification of economic turning points.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the official GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and government, as it reflects the overall health and trajectory of the economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (LUXPIEAEN02GYQ), retrieved from FRED.