National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Sweden
Growth rate same period previous year, Annual
NAEXKP03SEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.25
Year-over-Year Change
23.95%
Date Range
1/1/1961 - 1/1/2024
Summary
This economic trend measures the annual growth rate of real GDP compared to the same period in the previous year. It provides insight into the overall 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
The annual growth rate of real GDP is a key indicator of a country's economic performance. It reflects the change in the total output of goods and services produced within a country over the course of a year, adjusted for inflation.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and price index information.
Historical Context
This metric is closely watched by policymakers, analysts, and markets to assess the health and trajectory of the U.S. economy.
Key Facts
- The U.S. economy grew 2.3% in 2022 compared to 2021.
- Real GDP growth averaged 2.5% annually from 2010-2019.
- The COVID-19 pandemic caused a 3.4% contraction in real GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of real gross domestic product (GDP) in the United States, comparing the current year to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: The annual growth rate of real GDP is a key indicator of the overall health and trajectory of the U.S. economy, providing insight into the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information and price index data.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and markets closely monitor this metric to assess the state of the economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with a typical lag of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP03SEA659S), retrieved from FRED.