National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Israel
Growth rate previous period, Annual
NAEXKP06ILA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.91
Year-over-Year Change
808.39%
Date Range
1/1/1996 - 1/1/2024
Summary
This economic trend measures the annual growth rate of real GDP, a key indicator of a country's economic performance and overall health.
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 annual growth rate of real GDP is a widely-used metric that captures the year-over-year change in the total value of goods and services produced within a country, adjusted for inflation. It is a crucial statistic for economists, policymakers, and market analysts to assess a nation's economic trajectory.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and survey information.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Real GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.5% in 2020 due to the COVID-19 pandemic.
- Positive GDP growth is a key sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real gross domestic product (GDP), which is the total value of all goods and services produced in the U.S. adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The annual GDP growth rate is a crucial indicator of a country's overall economic performance and health. It is closely watched by policymakers, businesses, and investors to assess the strength of the economy and inform important decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and survey information.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input used by the Federal Reserve and other institutions to guide monetary and fiscal policy decisions aimed at promoting economic stability and 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 one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP06ILA657S), retrieved from FRED.