National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Hungary
Growth rate same period previous year, Annual
NAEXKP07HUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.95
Year-over-Year Change
27.86%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' trend measures the year-over-year change in real GDP for the United States. This metric is a key indicator of overall economic performance and growth.
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 compares the current year's real GDP to the previous year's GDP for the same period. It provides insight into the pace and direction of the nation's economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and survey information.
Historical Context
Policymakers and analysts closely monitor this GDP growth rate to assess the health of the U.S. economy and guide fiscal and monetary policies.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 1948 to 2022.
- GDP growth slowed to 2.1% in 2022 compared to 5.9% in 2021.
- Rapid GDP growth is a sign of an expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' measures the year-over-year change in real GDP for the United States.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a key indicator of overall economic performance and is closely monitored by policymakers and analysts to assess the health 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 using national accounts and survey information.
Q: How is this trend used in economic policy?
A: Policymakers use this GDP growth rate to guide fiscal and monetary policies aimed at promoting economic stability and expansion.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of several weeks.
Related Trends
Bank Capital to Total Assets for Hungary
DDSI03HUA156NWDB
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Hungary
HUNCP020000IXNBM
Bank's Net Interest Margin for Hungary
DDEI01HUA156NWDB
Producer Prices Index: Economic Activities: Manufacturing: Total for Hungary
PIEAMP01HUM661N
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Hungary
LRUN64TTHUQ156S
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 64 Years for Hungary
LFAC64FEHUA647S
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP07HUA659S), retrieved from FRED.