National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Estonia
Growth rate previous period, Annual
NAEXKP06EEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.20
Year-over-Year Change
-124.78%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' trend measures the year-over-year change in real gross domestic product (GDP) for the United States. This key economic indicator is closely watched by policymakers, analysts, and investors to gauge 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
This annual growth rate captures the percentage change in real GDP compared to the previous year. It provides insight into the pace of economic expansion or contraction, which is crucial for assessing the business cycle, making policy decisions, and forecasting future economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting standards.
Historical Context
The GDP growth rate is a fundamental metric used by the Federal Reserve, government agencies, and private sector economists to inform monetary and fiscal policies.
Key Facts
- GDP growth rate 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 generally associated with increased employment and consumer spending.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' trend measures the year-over-year percentage change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides crucial insights into the pace and direction of economic growth, which is essential for policymaking, investment decisions, and assessing the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting standards.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a fundamental metric used by the Federal Reserve, government agencies, and private sector economists to inform monetary and fiscal policies aimed at promoting economic stability and prosperity.
Q: Are there update delays or limitations?
A: The annual GDP growth rate data is typically released with a lag of several months, as the Bureau of Economic Analysis compiles and verifies the comprehensive economic data.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP06EEA657S), retrieved from FRED.