National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for OECD
Growth rate previous period
OECDNAEXKP07GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.55
Year-over-Year Change
55.96%
Date Range
4/1/1962 - 1/1/2025
Summary
The 'Growth rate previous period' trend measures the quarter-on-quarter growth rate of real gross domestic product (GDP) in the United States. This metric is a key indicator of economic performance and helps policymakers and analysts assess the overall health of the U.S. economy.
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 trend represents the rate of change in real GDP compared to the previous quarter, adjusted for seasonal variations. It provides insights into the pace and direction of economic expansion or contraction, which is crucial for informing monetary and fiscal policy decisions.
Methodology
The data is calculated by the Organization for Economic Co-operation and Development (OECD) based on official GDP statistics reported by the U.S. government.
Historical Context
The growth rate previous period trend is closely monitored by economists, investors, and policymakers to gauge the momentum of the U.S. economy.
Key Facts
- GDP growth rate was 0.6% in Q4 2022.
- The trend has averaged 0.4% over the past 5 years.
- Growth rate previous period reached a high of 1.7% in Q3 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period' trend measures the quarter-on-quarter change in real gross domestic product (GDP) in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic performance and provides insights into the pace and direction of economic expansion or contraction, which is crucial for informing monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Organization for Economic Co-operation and Development (OECD) based on official GDP statistics reported by the U.S. government.
Q: How is this trend used in economic policy?
A: The growth rate previous period trend is closely monitored by economists, investors, and policymakers to gauge the momentum of the U.S. economy and inform decision-making.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a short delay after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period (OECDNAEXKP07GPSAQ), retrieved from FRED.