Production: Manufacturing: Total
Growth rate previous period, Quarterly
OECDPRMNTO01GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
-22.25%
Date Range
4/1/1990 - 1/1/2025
Summary
The Growth Rate Previous Period, Quarterly trend measures the quarter-over-quarter percent change in gross domestic product (GDP) in the United States. This key indicator provides 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 trend represents the annualized growth rate of real GDP in the United States, calculated as the percent change from the previous quarter. It is a widely followed metric that economists and policymakers use to assess the overall health and trajectory of the U.S. economy.
Methodology
The data is calculated by the Organisation for Economic Co-operation and Development (OECD) based on official U.S. government GDP statistics.
Historical Context
The GDP growth rate is a critical input for monetary and fiscal policy decisions by the Federal Reserve and other government institutions.
Key Facts
- Quarterly GDP growth averaged 2.3% from 1947 to 2022.
- The fastest quarterly GDP growth on record was 33.8% in Q3 2020.
- The steepest quarterly GDP decline was -31.2% in Q2 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly trend measures the quarter-over-quarter percent change in real gross domestic product (GDP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a key indicator of the overall health and momentum of the U.S. economy, providing important context for economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on official U.S. government GDP statistics.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a critical input for monetary and fiscal policy decisions by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely information on the state of the U.S. economy.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (OECDPRMNTO01GPSAQ), retrieved from FRED.