Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
NAEXKP01O1A659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.77
Year-over-Year Change
-46.69%
Date Range
1/1/1962 - 1/1/2016
Summary
This economic trend measures the annual growth rate of real gross domestic product (GDP) compared to the same period in the previous year. It provides important insights into the overall health and momentum of the U.S. economy.
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 metric tracks changes in real GDP on a year-over-year basis, offering a snapshot of economic performance and trajectory. This indicator is widely followed by economists, policymakers, and market analysts to assess the broader economic climate and inform policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Historical Context
This trend is a key input for monitoring macroeconomic conditions and evaluating the effectiveness of fiscal and monetary policies.
Key Facts
- GDP grew 2.6% in 2022 compared to 2021.
- The U.S. economy expanded by 6.9% in Q4 2021 year-over-year.
- Growth slowed to 1.9% in Q1 2022 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of real gross domestic product (GDP) compared to the same period in the previous year, providing insights into the overall pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year GDP growth rate is a key indicator of the economy's performance and momentum, making it highly relevant for economists, policymakers, and market participants in assessing the broader economic climate.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Q: How is this trend used in economic policy?
A: This trend is a crucial input for monitoring macroeconomic conditions and evaluating the effectiveness of fiscal and monetary policies implemented by the government and Federal Reserve.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released on a quarterly basis, with a slight delay to allow for data collection and analysis.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (NAEXKP01O1A659S), retrieved from FRED.