National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Hungary
Growth rate previous period, Annual
NAEXKP03HUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.64
Year-over-Year Change
240.90%
Date Range
1/1/1996 - 1/1/2024
Summary
The Growth rate previous period, Annual measures the year-over-year change in real GDP for the United States. This metric is a key indicator of overall economic health and growth trajectory.
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 previous period, Annual tracks the annual percentage change in real GDP, which reflects the total value of goods and services produced in the U.S. adjusted for inflation. This trend is widely used by economists and policymakers to assess the broader state of the economy.
Methodology
The data is calculated based on official GDP statistics published by the U.S. Bureau of Economic Analysis.
Historical Context
This metric informs economic and policy decisions at the national level.
Key Facts
- Real GDP grew 2.3% in 2022.
- GDP growth has averaged 2.5% annually over the past decade.
- The fastest GDP growth rate on record was 33.8% in 1950.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Annual measures the year-over-year change in real GDP for the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic health and growth trajectory, informing economic and policy decisions at the national level.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP statistics published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Growth rate previous period, Annual informs economic and policy decisions at the national level, as it reflects the broader state of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be delays in accessing the most recent information.
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Share Prices: All Shares/Broad: Total for Hungary
HUNSPASTT01GYQ
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Hungary
LREM64TTHUA156N
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Hungary
LRHUADMAHUM156N
Harmonized Index of Consumer Prices: Spirits for Hungary
CP0211HUM086NEST
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Hungary
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP03HUA657S), retrieved from FRED.