National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Czech Republic
Growth rate previous period, Quarterly
NAEXKP02CZQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
994.47%
Date Range
4/1/1996 - 1/1/2025
Summary
The 'Growth rate previous period, Quarterly' series measures the quarter-over-quarter growth rate of real gross domestic product (GDP) in the United States. This key economic indicator 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
This GDP growth rate trend represents the percent change in real GDP from the previous quarter on an annualized basis. It is a widely watched metric used by economists, policymakers, and market analysts to assess the health and trajectory of the U.S. economy.
Methodology
The data is calculated based on the Bureau of Economic Analysis' quarterly real GDP estimates.
Historical Context
The GDP growth rate is a critical input for Federal Reserve monetary policy decisions and informs broader economic and investment strategies.
Key Facts
- The U.S. GDP growth rate averaged 2.3% from 1947 to 2022.
- GDP growth turned negative in 2020 due to the COVID-19 pandemic.
- Rapid GDP growth is associated with lower unemployment and rising incomes.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' series measures the quarter-over-quarter percent change in real gross domestic product (GDP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and direction of the U.S. economy, providing important insights for policymakers, investors, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis based on their quarterly estimates of real GDP.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a critical input for Federal Reserve monetary policy decisions and informs broader economic and investment strategies.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly, with a slight delay as the underlying GDP estimates are finalized.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP02CZQ657S), retrieved from FRED.