National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Luxembourg
Growth rate previous period, Quarterly
NAEXKP03LUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.19
Year-over-Year Change
39.78%
Date Range
4/1/1995 - 1/1/2025
Summary
The Growth Rate Previous Period, Quarterly metric tracks the quarter-over-quarter percent change in real gross domestic product (GDP), a key measure of economic activity 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 series provides a timely indication of the overall health and trajectory of the U.S. economy. Economists and policymakers monitor these GDP growth figures to assess economic performance and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic indicators.
Historical Context
GDP growth is a critical input for Federal Reserve policy and analysis of consumer and business trends.
Key Facts
- GDP grew 2.9% in Q4 2022.
- GDP growth has averaged 2.3% annually over the past decade.
- Negative GDP growth is considered an economic recession.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly metric measures the quarter-over-quarter percent change in real gross domestic product (GDP), a comprehensive indicator of the overall economic activity and output in the United States.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a critical indicator used by economists, policymakers, and market analysts to assess the health and direction of the U.S. economy. This data helps inform decisions around monetary policy, business investment, and consumer spending.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using comprehensive economic surveys and indicators.
Q: How is this trend used in economic policy?
A: GDP growth figures are a key input for Federal Reserve monetary policy decisions and provide crucial context for analysts evaluating consumer, business, and market trends.
Q: Are there update delays or limitations?
A: The GDP growth data is released on a quarterly basis with a brief lag, providing timely but not real-time information on the state of the economy.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP03LUQ657S), retrieved from FRED.