Gross Domestic Product by Expenditure in Constant Prices: Private Final Consumption Expenditure for the European Union
Growth Rate Previous Period, Quarterly, Seasonally Adjusted
NAEXKP02EUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
-59.61%
Date Range
4/1/1995 - 10/1/2019
Summary
The growth rate previous period, quarterly, seasonally adjusted metric measures the quarter-over-quarter change in real GDP, a key indicator of economic growth and performance.
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 metric tracks the quarterly percentage change in real gross domestic product (GDP), a comprehensive measure of the total economic output of a country. It is a widely followed economic indicator used by policymakers, analysts, and investors to assess the health and trajectory of the overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
Changes in this metric are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Real GDP grew 2.9% in Q4 2022.
- The US economy expanded 6.9% in 2021.
- This metric is released quarterly by the BEA.
FAQs
Q: What does this economic trend measure?
A: This metric measures the quarter-over-quarter percent change in real gross domestic product (GDP), which is the broadest indicator of overall economic activity and growth in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical macroeconomic indicator that provides insight into the health and trajectory of the US economy. It is closely watched by policymakers, investors, and economists to inform decisions around monetary policy, fiscal policy, and market strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated quarterly by the US Bureau of Economic Analysis based on their estimates of real GDP.
Q: How is this trend used in economic policy?
A: Changes in the GDP growth rate are closely monitored by the Federal Reserve and other institutions to help inform monetary policy decisions, such as interest rate adjustments, that aim to promote stable economic growth and low inflation.
Q: Are there update delays or limitations?
A: This metric is released quarterly by the BEA, with a delay of approximately one month after the end of each quarter. The data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (NAEXKP02EUQ657S), retrieved from FRED.