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Growth rate same period previous year, Quarterly, Seasonally Adjusted
OECDXTIMVA01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.74
Year-over-Year Change
-67.37%
Date Range
1/1/2000 - 1/1/2025
Summary
This economic indicator measures the year-over-year growth rate of real GDP, adjusted for seasonal variations. It provides valuable insights into the pace and trajectory of a country's 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
The growth rate same period previous year is a key metric used by economists and policymakers to assess the overall health and performance of a national economy. It offers a standardized way to compare economic growth over time, accounting for seasonal factors that may affect quarterly GDP figures.
Methodology
The data is calculated by the OECD based on official government statistics.
Historical Context
This trend is closely monitored by central banks, finance ministries, and market analysts to inform economic policy decisions and investment strategies.
Key Facts
- The U.S. GDP growth rate averaged 2.3% from 2010-2019.
- Growth slowed to -3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth typically ranges between -1% to +4%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of real GDP, adjusted for seasonal variations. It provides insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial metric for understanding a country's overall economic performance and is closely monitored by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on official government statistics.
Q: How is this trend used in economic policy?
A: Central banks, finance ministries, and market analysts use this trend to inform monetary and fiscal policy decisions, as well as investment strategies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of 1-2 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (OECDXTIMVA01GYSAQ), retrieved from FRED.