National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Russia
Growth rate same period previous year, Annual
NAEXKP07RUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.98
Year-over-Year Change
-181.09%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Growth rate same period previous year, Annual' trend measures the year-over-year change in real GDP, providing insight into the pace of economic expansion or contraction.
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 series tracks the percentage change in real GDP compared to the same period a year earlier, offering economists and policymakers a high-level view of overall economic performance over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts statistics.
Historical Context
This GDP growth rate is a key indicator used to assess the health of the U.S. economy and inform fiscal and monetary policy decisions.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 1948-2022.
- Positive GDP growth indicates an expanding economy, while negative growth signals a recession.
- Quarterly GDP growth rates are also reported, providing more frequent assessments.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' measures the year-over-year percent change in real GDP, the broadest indicator of U.S. economic activity.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a crucial metric used by economists, policymakers, and market participants to evaluate the overall 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 using national accounts statistics and GDP figures.
Q: How is this trend used in economic policy?
A: The annual GDP growth rate is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy, fiscal measures, and other economic interventions.
Q: Are there update delays or limitations?
A: The annual GDP growth rate data is typically released with a 3-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP07RUA659S), retrieved from FRED.