Pairs of Shoes Sold at Retail for United States
Quarterly
Q06060USQ600SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.70
Year-over-Year Change
17.64%
Date Range
1/1/1926 - 10/1/1941
Summary
The Quarterly GDP Growth Rate measures the quarter-over-quarter change in the total economic output of the United States. It is a key indicator of economic health and a crucial input for policymakers.
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 Quarterly GDP Growth Rate represents the annualized percentage change in real gross domestic product (GDP) from one quarter to the next. This metric provides insight into the overall trajectory of the U.S. economy and is widely monitored by economists, investors, and government officials.
Methodology
The Bureau of Economic Analysis calculates this metric based on comprehensive data on production, income, and spending.
Historical Context
Policymakers use the Quarterly GDP Growth Rate to inform decisions on monetary and fiscal policy.
Key Facts
- The U.S. economy grew at an annualized rate of 2.9% in Q4 2022.
- Quarterly GDP growth averaged 2.3% over the past 10 years.
- The highest quarterly growth rate on record was 33.8% in Q3 2020.
FAQs
Q: What does this economic trend measure?
A: The Quarterly GDP Growth Rate measures the quarter-over-quarter change in the total economic output of the United States, providing insight into the overall trajectory of the economy.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly GDP Growth Rate is a crucial indicator of economic health and a key input for policymakers, economists, and investors in assessing the performance and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates this metric based on comprehensive data on production, income, and spending.
Q: How is this trend used in economic policy?
A: Policymakers use the Quarterly GDP Growth Rate to inform decisions on monetary and fiscal policy, adjusting measures to stimulate or cool the economy as needed.
Q: Are there update delays or limitations?
A: The Quarterly GDP Growth Rate is subject to periodic revisions as additional data becomes available, and may not fully capture the immediate impact of recent economic events.
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Citation
U.S. Federal Reserve, Quarterly GDP Growth Rate (Q06060USQ600SNBR), retrieved from FRED.