National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Australia
Growth rate previous period, Quarterly
NAEXKP07AUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.44
Year-over-Year Change
-104.77%
Date Range
4/1/1960 - 1/1/2025
Summary
The 'Growth rate previous period, Quarterly' metric measures the quarterly change in real gross domestic product (GDP) on an annualized basis. This provides important insights into the pace and direction of the overall U.S. economic expansion.
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 series tracks the quarter-over-quarter growth rate of real GDP, which is a key indicator of economic performance. Analysts and policymakers monitor this metric to gauge the strength and momentum of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
The GDP growth rate is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Real GDP grew at an annualized rate of 2.9% in Q4 2022.
- Positive growth indicates an expanding economy, while negative growth signifies a recession.
- GDP growth is a primary driver of employment, corporate profits, and consumer spending.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' metric measures the quarterly change in real gross domestic product (GDP) on an annualized basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the pace and direction of the overall U.S. economic expansion, making it a key indicator for analysts, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that aim to promote stable and sustainable economic growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly by the Bureau of Economic Analysis, with a typical release delay of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP07AUQ657S), retrieved from FRED.