National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Denmark
Growth rate same period previous year, Quarterly
NAEXKP06DKQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.29
Year-over-Year Change
-114.07%
Date Range
1/1/1996 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' series measures the year-over-year growth rate of GDP in the United States on a quarterly basis. This key economic indicator provides insight into the overall trajectory 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 represents the percent change in real GDP compared to the same quarter in the previous year. It is widely used by economists, policymakers, and analysts to assess the health and performance of the U.S. economy over time and in relation to historical trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
Policymakers and market participants closely monitor this indicator to inform economic forecasting and decision-making.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- The COVID-19 pandemic caused a historic 31.2% GDP contraction in Q2 2020.
- GDP growth rebounded to 33.8% in Q3 2020 as the economy began to recover.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' series measures the year-over-year percent change in real GDP in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the overall health and performance of the U.S. economy, helping economists, policymakers, and market participants assess economic momentum and make informed decisions.
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 closely monitor this GDP growth indicator to inform macroeconomic forecasting, monetary policy decisions, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP06DKQ659S), retrieved from FRED.