National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Russia
Growth rate same period previous year, Quarterly
NAEXKP06RUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.36
Year-over-Year Change
53.53%
Date Range
1/1/2004 - 7/1/2021
Summary
This economic trend measures the year-over-year growth rate of real GDP in the United States on a quarterly basis. It is a key indicator of overall economic performance and momentum.
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 growth rate same period previous year, Quarterly series tracks the annualized percentage change in real GDP compared to the same quarter in the prior year. This provides a measure of economic expansion or contraction adjusted for seasonal factors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess the health and trajectory of the U.S. economy.
Key Facts
- Real GDP grew 2.6% year-over-year in Q4 2022.
- The U.S. economy expanded 2.1% in 2022 overall.
- GDP growth slowed from 3.2% in Q3 2022 to 2.6% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real GDP in the United States on a quarterly basis, providing a gauge of overall economic performance and momentum.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical indicator used by economists, policymakers, and investors to assess the health and trajectory 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 based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor GDP growth when making decisions about monetary and fiscal policy to support economic stability and expansion.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published on a quarterly basis, with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP06RUQ659S), retrieved from FRED.