National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Luxembourg
Growth rate previous period, Annual
NAEXKP04LUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.25
Year-over-Year Change
-517.32%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' series measures the annual growth rate of real GDP, providing insight into the overall health and momentum 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
This metric tracks the year-over-year change in real gross domestic product (GDP), adjusting for inflation. It is a key indicator used by economists and policymakers to assess economic performance and guide decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and survey information.
Historical Context
The GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Positive GDP growth is a sign of economic expansion.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' series measures the year-over-year change in real gross domestic product (GDP), providing insight into the overall growth of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key macroeconomic indicator used by economists, policymakers, and market participants to assess the health and momentum of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and survey information.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, as the GDP growth rate is based on comprehensive national accounts data that takes time to compile.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP04LUA657S), retrieved from FRED.