National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Luxembourg
Growth rate previous period, Annual
NAEXKP01LUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.03
Year-over-Year Change
-37.46%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' trend measures the year-over-year change in real GDP, providing a high-level indicator of economic growth and momentum.
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 annual growth rate statistic is a key metric used by economists and policymakers to assess the overall health and trajectory of the U.S. economy. It offers insight into the pace of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on changes in real gross domestic product.
Historical Context
Policymakers and analysts closely monitor this indicator to inform economic and monetary policy decisions.
Key Facts
- The U.S. economy grew 5.7% in 2021 on an annual basis.
- Rapid GDP growth often signals an economic recovery.
- This indicator is released quarterly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' metric measures the year-over-year change in real gross domestic product, a key indicator of overall economic growth and momentum.
Q: Why is this trend relevant for users or analysts?
A: This annual GDP growth rate is a crucial barometer used by economists, policymakers, and investors to assess the broader health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on changes in real gross domestic product.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this GDP growth indicator to inform decisions around monetary and fiscal policy, with the goal of promoting stable and sustainable economic expansion.
Q: Are there update delays or limitations?
A: This annual GDP growth rate is released on a quarterly basis by the Bureau of Economic Analysis, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP01LUA657S), retrieved from FRED.