Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
NAEXKP01O1Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.42
Year-over-Year Change
16.35%
Date Range
1/1/1963 - 4/1/2017
Summary
This economic indicator measures the year-over-year growth rate of GDP, providing insights 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, Quarterly, Seasonally Adjusted metric tracks the percentage change in real GDP compared to the same quarter in the prior year. It is a key gauge of the economy's overall performance and a critical input for policymakers and analysts.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
This trend is widely referenced by economists, investors, and government agencies to assess the broader trajectory of the U.S. economy.
Key Facts
- Quarterly, seasonally adjusted data
- Tracks year-over-year GDP growth
- Published by the U.S. Bureau of Economic Analysis
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percentage change in real GDP, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical indicator of overall economic performance and a key input for policymakers, investors, and analysts assessing the 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 using 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 government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (NAEXKP01O1Q659S), retrieved from FRED.