Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Portugal
Growth rate previous period, Quarterly
PRTPITGND01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.84
Year-over-Year Change
-4031.55%
Date Range
4/1/2005 - 10/1/2022
Summary
This economic indicator measures the quarterly growth rate of real gross domestic product (GDP) compared to the previous period. It provides insights into the pace of economic expansion or contraction, which is a key metric for policymakers and analysts.
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 previous period, Quarterly trend represents the quarter-over-quarter percent change in real GDP, adjusted for inflation. It is a widely followed indicator of economic performance and a critical input for macroeconomic analysis and forecasting.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Historical Context
This indicator is closely watched by the Federal Reserve, financial markets, and economic researchers to assess the health and trajectory of the U.S. economy.
Key Facts
- Quarterly GDP growth averaged 2.3% from 1947-2022.
- The highest quarterly growth rate was 16.9% in 1950Q4.
- The lowest quarterly growth rate was -8.9% in 2020Q2 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter percent change in real gross domestic product (GDP), which is the broadest measure of economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical metric for assessing the overall health and momentum of the U.S. economy, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for the Federal Reserve and other policymakers in determining monetary and fiscal policies to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released on a quarterly basis with a lag of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (PRTPITGND01GPQ), retrieved from FRED.