Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
MABMBM01CAQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.61
Year-over-Year Change
24.74%
Date Range
1/1/1971 - 10/1/2013
Summary
This economic indicator measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis, adjusted for seasonal variations. It provides insights into the overall pace of economic expansion or contraction.
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, Seasonally Adjusted tracks the percentage change in real GDP compared to the same quarter in the previous year. This metric is widely used by economists, policymakers, and market analysts to assess the strength and trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using official GDP figures.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The Q2 2022 year-over-year GDP growth rate was 1.8%.
- This metric reached a high of 8.9% in Q3 2021 during the post-pandemic recovery.
- Negative growth rates indicate an economic recession.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a widely-used metric that provides insights into the overall pace and direction of economic expansion or contraction, informing decisions by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using official GDP figures.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions aimed at promoting stable economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (MABMBM01CAQ659S), retrieved from FRED.