Gross Domestic Product by Expenditure in Constant Prices: Private Final Consumption Expenditure for the European Union
Growth Rate Previous Period, Annual, Not Seasonally Adjusted
NAEXKP02EUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
-32.59%
Date Range
1/1/1996 - 1/1/2019
Summary
This economic indicator measures the annual growth rate of real gross domestic product (GDP) in the previous period, without seasonal adjustments. It provides insight 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 previous period, annual, not seasonally adjusted metric represents the year-over-year change in real GDP, a key measure of economic output. This trend is closely watched by economists, policymakers, and market analysts to assess the trajectory of the broader economy.
Methodology
The data is calculated based on official GDP figures reported by the U.S. Bureau of Economic Analysis.
Historical Context
This indicator helps inform economic and policy decisions by providing a timely snapshot of recent economic performance.
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.
- Q4 2021 GDP growth was 6.9% compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the annual growth rate of real gross domestic product (GDP) in the previous period, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key metric for assessing the overall health and momentum of the U.S. economy, making it essential for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP figures reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor GDP growth to inform monetary and fiscal policy decisions that aim to promote stable, sustainable economic expansion.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (NAEXKP02EUA657S), retrieved from FRED.