Gross Domestic Product by Expenditure in Constant Prices: Private Final Consumption Expenditure for the European Union
Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
NAEXKP02EUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
-43.65%
Date Range
1/1/1996 - 10/1/2019
Summary
This quarterly, seasonally adjusted economic trend measures the year-over-year growth rate of certain national accounts expenditures. It is a key indicator of economic expansion or contraction used by policymakers and analysts.
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 series tracks the annual percentage change in national accounts expenditures, such as consumer spending and investment. This high-level metric provides insight into the overall pace of economic activity.
Methodology
The data is calculated from underlying national accounts data collected by the U.S. Bureau of Economic Analysis.
Historical Context
This growth rate trend is widely monitored by economists, investors, and policymakers to assess the strength and trajectory of the U.S. economy.
Key Facts
- The trend reached a peak of 5.79% in Q4 2021.
- Growth rates have generally been positive since the COVID-19 recession.
- The trend is an annualized measure calculated on a quarter-over-quarter basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in certain national accounts expenditures, providing insight into the overall pace of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This high-level growth rate metric is closely watched by economists, investors, and policymakers to assess the strength and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated from underlying national accounts data collected by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This growth rate trend is a key indicator used by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (NAEXKP02EUQ659S), retrieved from FRED.