National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Estonia
Growth rate same period previous year, Quarterly
NAEXKP03EEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.36
Year-over-Year Change
-281.93%
Date Range
1/1/1996 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in real GDP for the United States. This key indicator provides insight into the pace of economic expansion or contraction.
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 quarterly series represents the annualized percent change in real GDP compared to the same quarter in the previous year. It is a widely-followed metric for evaluating 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 estimates of real GDP.
Historical Context
Policymakers and analysts closely monitor this growth rate to inform decisions around monetary and fiscal policies.
Key Facts
- Real GDP grew 3.2% year-over-year in Q4 2022.
- The highest growth rate in the past decade was 8.9% in Q2 2021.
- This indicator has averaged 2.3% over the last 20 years.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' measures the year-over-year percent change in real GDP for the United States.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into the overall pace of economic expansion or contraction, which is crucial for policymakers and market analysts.
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 estimates of real GDP.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this growth rate to inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The GDP growth data is released quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP03EEQ659S), retrieved from FRED.