National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Canada
Growth rate same period previous year, Quarterly
NAEXKP02CAQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.01
Year-over-Year Change
-64.42%
Date Range
1/1/1961 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of GDP in the United States on a quarterly basis. It is a key indicator of 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, Quarterly series tracks the percentage change in real GDP compared to the same quarter in the previous year. This metric provides important insights into the trajectory of economic expansion or contraction and is closely monitored by policymakers, analysts, and investors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Historical Context
This trend is widely used to assess the strength of the business cycle and inform monetary and fiscal policy decisions.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- GDP growth rebounded to 6.9% in Q4 2021 as the economy recovered.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percentage change in real GDP in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and momentum of the U.S. economy, making it essential for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other policymakers to assess the strength of the business cycle and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a typical delay of about one month after the end of the reference quarter.
Related Trends
Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for Canada
LFUNTTMACAM647S
Monetary Aggregates and Their Components: Broad Money and Components: M3 for Canada
MABMM301CAM189S
Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Canada
LRIN25TTCAA156N
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for Canada
LFIN25TTCAA647S
Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Canada
CANCP010000GPM
M2, Alternate Definition 4 for Canada
MAM2A4CAM189S
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP02CAQ659S), retrieved from FRED.