Production: Construction: Total for Canada
Growth rate same period previous year, Quarterly
PRCNTO01CAQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.51
Year-over-Year Change
-38.19%
Date Range
1/1/1962 - 1/1/2025
Summary
This economic indicator measures the year-over-year growth rate of the U.S. GDP on a quarterly basis. It provides insight into the overall 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
The growth rate same period previous year, quarterly metric tracks the percent change in real GDP between a given quarter and the same quarter in the prior year. This measure is widely used by economists and policymakers to assess the direction and momentum of the broader economy.
Methodology
The U.S. Bureau of Economic Analysis calculates this statistic based on its quarterly GDP estimates.
Historical Context
This GDP growth rate trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Q4 2021 GDP grew 6.9% compared to Q4 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in real U.S. GDP on a quarterly basis, providing insight into the overall pace of economic growth or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key metric used by economists, policymakers, and investors to assess the health and direction of the broader economy. It informs decisions around monetary policy, consumer and business spending, and market conditions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this statistic based on its quarterly estimates of real GDP.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor the GDP growth rate to inform decisions around monetary policy, interest rates, and other economic interventions.
Q: Are there update delays or limitations?
A: This GDP growth rate data is published quarterly, with a delay of approximately one month after the end of each quarter.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Canada
CANCP080000GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Canada
CANCPGRGO01IXOBM
Sales: Manufacturing: Total Manufacturing: Value for Canada
CANSLMNTO02MLSAM
Nominal Households Final Consumption Expenditure for Canada
NCPHISAXDCCAQ
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Canada
CANCP110000IXNBQ
Business Tendency Surveys: Selling Prices: Economic Activity: Manufacturing: Future Tendency for Canada
CANBSSPFT02STSAQ
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (PRCNTO01CAQ659S), retrieved from FRED.