Producer Prices Index: Type of Goods: Intermediate Goods: Total for Luxembourg
Growth rate same period previous year, Quarterly
LUXPITGIG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.08
Year-over-Year Change
-454.06%
Date Range
1/1/1981 - 10/1/2022
Summary
This economic indicator tracks the year-over-year growth rate of quarterly real gross domestic product (GDP), a key measure of a country's economic performance.
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 indicator provides insights into the pace of economic expansion or contraction compared to the prior year. It is a widely followed metric for evaluating the health and trajectory of a nation's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis from comprehensive national accounts statistics.
Historical Context
This GDP growth rate is closely monitored by policymakers, analysts, and markets to inform economic and financial decision-making.
Key Facts
- GDP grew 2.4% in Q3 2022 compared to Q3 2021.
- The U.S. economy contracted in the first half of 2022 before rebounding in Q3.
- Quarterly GDP growth rates can fluctuate significantly due to business cycles.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year growth rate of real GDP on a quarterly basis, providing insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical metric for evaluating the overall health and trajectory of a nation's economy, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using comprehensive national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor quarterly GDP growth rates to assess the state of the economy and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released on a quarterly basis, with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (LUXPITGIG01GYQ), retrieved from FRED.