Production: Construction: Total for Sweden
Growth rate same period previous year, Quarterly
PRCNTO01SEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.64
Year-over-Year Change
-110.45%
Date Range
1/1/1995 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in economic output, providing insight into the pace of the nation'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
This quarterly growth rate compares the current quarter's real GDP to the same quarter in the previous year, offering economists and policymakers a snapshot of the economy's performance over the past year.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly real GDP estimates.
Historical Context
This growth rate is a key indicator used to analyze the overall health and trajectory of the U.S. economy.
Key Facts
- The average annual GDP growth rate from 2010-2019 was 2.3%.
- GDP contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- The U.S. economy grew by 6.9% in Q4 2021 compared to Q4 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in real GDP, providing insight into the pace of the nation's economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This growth rate is a key indicator used by economists and policymakers to analyze the overall health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly real GDP estimates.
Q: How is this trend used in economic policy?
A: This growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (PRCNTO01SEQ659S), retrieved from FRED.