National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Portugal
Growth rate same period previous year, Quarterly
NAEXKP03PTQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.35
Year-over-Year Change
-68.83%
Date Range
1/1/1996 - 1/1/2025
Summary
This economic trend measures the growth rate of real gross domestic product (GDP) compared to the same quarter in the previous year. It provides insights into the overall health and trajectory of the U.S. economy.
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 GDP growth rate same period previous year, Quarterly trend tracks the percentage change in real GDP from one year to the next for the same calendar quarter. This metric is a key indicator used by economists, policymakers, and analysts to assess economic performance and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
This trend is widely referenced in economic analysis and policy discussions to understand the pace of economic expansion or contraction.
Key Facts
- GDP grew 2.4% in Q1 2023 compared to Q1 2022.
- Growth rate peaked at 12.2% in Q2 2021 after the COVID-19 recession.
- Negative growth indicates an economic contraction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real gross domestic product (GDP) for a given calendar quarter.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate provides a high-level snapshot of the overall health and momentum of the U.S. economy, which is crucial information for 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 quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor GDP growth trends to inform monetary and fiscal policy decisions that aim to promote economic stability and prosperity.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly, with a delay of approximately one month after the end of each calendar quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP03PTQ659S), retrieved from FRED.