Nonfinancial Corporations Sector: Real Value-Added Output for Employees
Percent Change at Annual Rate
PRS88003042 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-84.62%
Date Range
4/1/1947 - 1/1/2025
Summary
The Percent Change at Annual Rate measures the quarter-over-quarter change in real gross domestic product (GDP) in the United States, expressed as an annualized percentage. This metric is closely watched by economists and policymakers to gauge the health and direction of the overall 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
The Percent Change at Annual Rate is a widely used economic indicator that provides insight into the pace of economic growth or contraction. It allows for the comparison of GDP changes across quarters by converting the quarter-over-quarter change into an annualized rate, facilitating analysis of broader trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
This trend is a key input for Federal Reserve monetary policy decisions and is closely monitored by financial markets.
Key Facts
- The Percent Change at Annual Rate reached a record high of 33.8% in Q3 2020.
- It declined sharply to -31.4% in Q2 2020 due to the COVID-19 pandemic.
- This metric has averaged around 2.3% annually since 1947.
FAQs
Q: What does this economic trend measure?
A: The Percent Change at Annual Rate measures the quarter-over-quarter change in real gross domestic product (GDP) in the United States, expressed as an annualized percentage.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as it provides insight into the overall health and direction of the U.S. economy, which is crucial for making informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The Percent Change at Annual Rate is a key input for Federal Reserve monetary policy decisions and is closely monitored by financial markets.
Q: Are there update delays or limitations?
A: The data is released quarterly, and there may be revisions to previous estimates as more complete information becomes available.
Similar PRS Trends
Nonfinancial Corporations Sector: Unit Labor Costs for Employees
PRS88003113
Nonfinancial Corporations Sector: Profits for Employees
PRS88003181
Nonfinancial Corporations Sector: Hours Worked for Employees
PRS88003033
Nonfinancial Corporations Sector: Unit Profits for Employees
PRS88003193
Nonfinancial Corporations Sector: Labor Productivity (Output per Hour) for Employees
PRS88003093
Nonfinancial Corporations Sector: Labor Share for Employees
PRS88003173
Citation
U.S. Federal Reserve, Percent Change at Annual Rate (PRS88003042), retrieved from FRED.