National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Austria
Growth rate previous period, Annual
NAEXKP03ATA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.44
Year-over-Year Change
-2855.61%
Date Range
1/1/1989 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in real gross domestic product (GDP) for the United States. This metric is a key indicator of overall economic performance and is closely watched by policymakers and analysts.
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 series represents the annualized percentage change in real GDP from the previous year. It provides insights into the pace and direction of economic growth, which is crucial for understanding the business cycle and informing policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
The GDP growth rate is a widely used indicator for monitoring the health of the U.S. economy and is a key input for making fiscal and monetary policy decisions.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
- GDP growth is a crucial metric for evaluating the strength of the economy.
- Sustained GDP growth is associated with increased employment and higher living standards.
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) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the pace and direction of economic growth, which is crucial for understanding the business cycle and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a widely used indicator for monitoring the health of the U.S. economy and is a key input for making fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is subject to periodic revisions and may have a short publication delay, but it remains a reliable and widely-followed economic indicator.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP03ATA657S), retrieved from FRED.