National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Sweden
Growth rate previous period, Annual
NAEXKP02SEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
-42.87%
Date Range
1/1/1961 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' trend measures the year-over-year percent change in GDP for the United States. It is a key indicator of overall economic performance and growth.
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 GDP growth rate statistic represents the percent change in real gross domestic product (GDP) compared to the previous year. It is a widely-used metric for evaluating the health and expansion of the national economy over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
GDP growth rates are closely monitored by policymakers, investors, and analysts to inform economic and financial decision-making.
Key Facts
- The U.S. GDP grew by 2.3% in 2022.
- GDP growth peaked at 6.9% in 2021 following the COVID-19 recession.
- Sustained GDP growth above 3% is considered healthy for the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' metric tracks the year-over-year percent change in the United States' real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a crucial indicator of overall economic performance and expansion. This statistic is closely monitored by policymakers, investors, and economists to assess the health 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 information from national accounts.
Q: How is this trend used in economic policy?
A: GDP growth rates inform decisions by the Federal Reserve, Congress, and other policymakers around fiscal and monetary policy, as well as by investors and analysts assessing market conditions.
Q: Are there update delays or limitations?
A: The annual GDP growth data is released with a lag of several months as the BEA compiles and verifies the national accounts information.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP02SEA657S), retrieved from FRED.