National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Australia
Growth rate same period previous year, Annual
NAEXKP04AUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.16
Year-over-Year Change
-78.51%
Date Range
1/1/1961 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' metric tracks the year-over-year change in real gross domestic product (GDP) for the United States, providing key insights into the overall health and trajectory of the 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
This annual GDP growth rate is a widely-used indicator that compares the current year's GDP to the previous year, allowing economists and policymakers to assess long-term economic performance and identify expansion or contraction periods.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using comprehensive national accounts data.
Historical Context
Policymakers and analysts closely monitor this GDP growth rate to inform decisions on fiscal, monetary, and other economic policies.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
- GDP growth slowed to -3.4% in 2020 due to the COVID-19 pandemic.
- Positive GDP growth is generally associated with economic expansion and increased employment.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a key indicator of the overall health and performance of the U.S. economy, helping economists and policymakers assess long-term economic trends and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using comprehensive national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this GDP growth rate to inform decisions on fiscal, monetary, and other economic policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The annual GDP growth rate data is published with a lag, typically several months after the end of the calendar year.
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Producer Prices Index: Economic Activities: Manufacturing: Domestic for Australia
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National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Australia
AUSGDPRQDSMEI
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BRDMNYAUM189N
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP04AUA659S), retrieved from FRED.