Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
MABMBM01RUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.21
Year-over-Year Change
-35.84%
Date Range
7/1/1996 - 10/1/2013
Summary
This economic trend measures the year-over-year growth rate of gross domestic product (GDP) in the United States, adjusted for seasonal variations. It provides important insight into the 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 is a key indicator of the overall health and momentum of the U.S. economy. It compares the current quarter's GDP to the same quarter in the prior year, offering a perspective on long-term economic trends beyond short-term fluctuations.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is closely tracked by policymakers, analysts, and market participants to assess the trajectory of the economy and inform economic and monetary policy decisions.
Key Facts
- GDP growth rate averaged 2.3% annually from 1948 to 2022.
- The highest recorded annual GDP growth rate was 13.4% in 1950.
- The lowest recorded annual GDP growth rate was -3.4% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of gross domestic product (GDP) in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of the overall health and momentum of the U.S. economy, and is closely monitored by policymakers, analysts, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and market participants to assess the trajectory of the economy and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Bureau of Economic Analysis, and may have a short delay in availability.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (MABMBM01RUQ659S), retrieved from FRED.