Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
NAEXKP06G7A659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.24
Year-over-Year Change
-85.86%
Date Range
1/1/1962 - 1/1/2016
Summary
This economic trend measures the year-over-year growth rate in real GDP, providing insights into the pace of economic expansion or contraction. It is a key indicator closely watched by economists and policymakers.
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 GDP growth rate same period previous year reflects the percentage change in real gross domestic product compared to the same period a year earlier. This metric is widely used to assess the overall health and direction of the economy and inform economic policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP estimates.
Historical Context
Economists and investors rely on this indicator to gauge macroeconomic performance and make informed decisions.
Key Facts
- The GDP growth rate has averaged 2.3% annually since 1948.
- Negative growth rates indicate an economic recession.
- The highest annual growth rate on record was 13.4% in 1950.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in real gross domestic product (GDP), providing insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key macroeconomic indicator that is closely watched by economists, policymakers, and investors to assess the overall health and direction 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 official GDP estimates.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to gauge the state of the economy and inform policy decisions, such as adjusting interest rates or fiscal measures to stimulate or cool economic growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a lag of about a month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (NAEXKP06G7A659S), retrieved from FRED.