National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Luxembourg
Growth rate same period previous year, Quarterly
NAEXKP02LUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.45
Year-over-Year Change
-76.74%
Date Range
1/1/1996 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of real GDP, providing insight into the pace of economic expansion or contraction on a quarterly basis.
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 series tracks the percentage change in real GDP compared to the same quarter of the prior year. This helps analysts and policymakers understand the underlying momentum of the economy and make informed decisions.
Methodology
The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly GDP estimates.
Historical Context
This trend is widely used by economists, investors, and policymakers to assess the health and trajectory of the broader economy.
Key Facts
- The Q4 2022 growth rate was 1.0%.
- The U.S. economy grew by 2.1% in 2022.
- GDP growth has slowed from its post-pandemic peak.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real GDP, providing insight into the pace of economic expansion or contraction on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, investors, and policymakers to assess the health and trajectory of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the U.S. Bureau of Economic Analysis' quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to monitor the overall state of the economy and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP02LUQ659S), retrieved from FRED.