National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Hungary
Growth rate same period previous year, Quarterly
NAEXKP02HUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.91
Year-over-Year Change
-69.68%
Date Range
1/1/1996 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year percent change in real gross domestic product (GDP) for the United States. This key economic indicator provides insights into the pace and trajectory of the overall 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 GDP growth rate trend represents the percent change in real GDP compared to the same quarter in the previous year. It is a widely tracked measure of economic performance and momentum that economists and policymakers use to analyze the health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using their quarterly GDP estimates.
Historical Context
This growth rate trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
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 rate was 6.9% compared to Q4 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year percent change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate trend is a widely tracked measure of economic performance and momentum that economists and policymakers use to analyze 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 using their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: This growth rate trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a typical 1-month delay.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP02HUQ659S), retrieved from FRED.