National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Portugal
Growth rate previous period, Annual
NAEXKP06PTA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.34
Year-over-Year Change
8.21%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in real gross domestic product (GDP). This key macroeconomic indicator provides insights into the overall health and direction 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 series tracks the percentage change in real GDP compared to the previous year. It is a widely followed metric used by economists, policymakers, and market analysts to assess the strength and momentum of the broader U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics.
Historical Context
The GDP growth rate is a critical input for economic policy decisions and market forecasting.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
- GDP growth turned negative in 2020 due to the COVID-19 pandemic.
- Rapid GDP growth can signal economic expansion, while slow or negative growth may indicate a recession.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' series measures the year-over-year percent change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of overall economic performance and a critical input for economic policymaking and market analysis.
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 statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the GDP growth rate to inform decisions around interest rates, fiscal policy, and other measures to manage the economy.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a typical 1-2 month publication lag.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP06PTA657S), retrieved from FRED.