National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Hungary
Growth rate previous period, Quarterly
NAEXKP02HUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-82.96%
Date Range
4/1/1995 - 1/1/2025
Summary
This economic trend measures the quarter-over-quarter growth rate of real gross domestic product (GDP), which is a key indicator of overall economic activity 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
The Growth Rate Previous Period, Quarterly trend provides a snapshot of the percentage change in real GDP from one quarter to the next. It is a widely watched metric that helps economists and policymakers assess the pace and trajectory of economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Historical Context
This growth rate figure is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Real GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth rebounded to 6.9% in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in real gross domestic product (GDP), which is 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 metric for assessing the health and trajectory of the U.S. economy. It helps economists, policymakers, and investors understand the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive estimates of gross domestic product.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions aimed at promoting economic stability and full employment.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly by the Bureau of Economic Analysis, with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP02HUQ657S), retrieved from FRED.