Monetary Aggregates and Their Components: Broad Money and Components: M3 for Canada
Growth rate previous period, Quarterly, Seasonally Adjusted
MABMM301CAQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.59
Year-over-Year Change
-2.46%
Date Range
4/1/1970 - 10/1/2024
Summary
This economic indicator measures the quarter-over-quarter growth rate of gross domestic product (GDP) in the United States, adjusted for seasonal variations. It provides 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 GDP growth rate is a key metric used by economists, policymakers, and investors to gauge the health and trajectory of the U.S. economy. It serves as an important input for monetary and fiscal policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts data.
Historical Context
The GDP growth rate is closely watched by the Federal Reserve and other institutions to inform interest rate policies and economic interventions.
Key Facts
- The GDP growth rate averaged 2.3% per quarter from 1947 to 2022.
- The fastest quarterly GDP growth rate on record was 16.9% in 1950.
- Negative GDP growth indicates an economic recession.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter growth rate of the U.S. gross domestic product (GDP), adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial metric used by economists, policymakers, and investors to assess the health and direction of the U.S. economy, informing important decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts data.
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 interest rate policies and other economic interventions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly by the Bureau of Economic Analysis, with a typical release delay of several weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (MABMM301CAQ657S), retrieved from FRED.