National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Australia
Growth rate previous period, Quarterly
NAEXKP03AUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.05
Year-over-Year Change
-101.79%
Date Range
4/1/1960 - 1/1/2025
Summary
The Growth Rate Previous Period, Quarterly trend measures the quarter-over-quarter change in real gross domestic product (GDP) for the United States. This key indicator provides insights into the pace and direction of economic 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 series represents the annualized percent change in real GDP from the previous quarter. It is a widely followed metric used by economists, policymakers, and market analysts to assess the overall health and momentum of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Historical Context
The growth rate is closely watched for indications of economic expansion or contraction, informing decisions around monetary and fiscal policy.
Key Facts
- The U.S. economy grew at an annualized rate of 2.9% in Q4 2022.
- Quarterly GDP growth rates can vary significantly due to economic cycles.
- Positive growth rates indicate an expanding economy, while negative rates signal a recession.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly trend measures the quarter-over-quarter percent change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insights into the pace and direction of economic growth, informing decisions by policymakers, businesses, and investors.
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 GDP estimates.
Q: How is this trend used in economic policy?
A: The growth rate is closely watched for indications of economic expansion or contraction, informing decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP03AUQ657S), retrieved from FRED.