National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Hungary
Growth rate previous period, Annual
NAEXKP02HUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.14
Year-over-Year Change
-392.27%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in real gross domestic product (GDP). This key economic indicator provides insight into the overall health and trajectory 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
This annual growth rate metric compares the current year's real GDP to the previous year, capturing broad economic expansion or contraction. It is a widely followed statistic used by policymakers, analysts, and investors to assess macroeconomic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and survey data.
Historical Context
The GDP growth rate is a crucial input for fiscal and monetary policy decisions.
Key Facts
- GDP growth was 2.3% in 2022.
- The record high annual GDP growth was 13.9% in 1950.
- Negative GDP growth indicates an economic recession.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' measures the year-over-year change in real gross domestic product (GDP), the broadest indicator of overall economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial macroeconomic indicator used by policymakers, economists, and investors to assess the health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and survey data.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for fiscal and monetary policy decisions made by the federal government and the Federal Reserve.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a lag, so there may be a delay of several weeks or months before the most recent figures are available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP02HUA657S), retrieved from FRED.