Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for OECD
Growth rate previous period, Seasonally Adjusted
OECDLFACTTTTGPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
-106.00%
Date Range
10/1/2010 - 4/1/2023
Summary
The 'Growth rate previous period, Seasonally Adjusted' metric measures the quarter-over-quarter change in economic output, providing insights into the pace and direction of a country's economic 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 indicator represents the seasonally adjusted quarterly growth rate of real GDP, a key measure of a country's economic performance. It is widely used by economists, policymakers, and analysts to assess the health and trajectory of a nation's economy.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) based on official government statistics.
Historical Context
This metric helps inform economic policy decisions and is closely monitored by central banks, government agencies, and financial markets.
Key Facts
- GDP growth rate is a key indicator of economic performance.
- Seasonally adjusted data helps identify underlying economic trends.
- Quarterly growth rates provide timely insights into the pace of expansion.
FAQs
Q: What does this economic trend measure?
A: This metric measures the quarter-over-quarter change in a country's real gross domestic product (GDP), providing a gauge of the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a fundamental indicator of a country's economic health and is closely followed by policymakers, businesses, and investors to assess the state of the economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on official government statistics on GDP.
Q: How is this trend used in economic policy?
A: Central banks, government agencies, and financial markets monitor this metric closely to gauge the overall economic conditions and inform policy decisions, such as adjustments to interest rates or fiscal measures.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a slight delay to allow for the compilation of official government statistics. There may be revisions to the data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (OECDLFACTTTTGPSAQ), retrieved from FRED.