Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Russia
Quarterly
RUSCP110000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.53
Year-over-Year Change
173.97%
Date Range
1/1/2005 - 10/1/2021
Summary
The Quarterly trend measures the year-over-year change in real gross domestic product (GDP) for the United States. It provides a comprehensive snapshot of economic growth and is a key indicator 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 Quarterly trend tracks the annual percent change in real GDP, which is the broadest measure of economic activity. It accounts for inflation and is a vital gauge of a country's economic health and performance over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic records.
Historical Context
This trend is closely monitored by the Federal Reserve, government agencies, and private sector economists to inform policy decisions and market forecasts.
Key Facts
- Quarterly GDP growth averaged 2.3% annually from 1947 to 2022.
- The highest quarterly GDP growth rate was 16.9% in 1950.
- The lowest quarterly GDP growth rate was -31.2% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the year-over-year change in real gross domestic product (GDP) for the United States, providing a comprehensive snapshot of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is a vital gauge of a country's economic health and performance over time, and is closely monitored by policymakers, government agencies, and private sector economists to inform decisions and forecasts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic records.
Q: How is this trend used in economic policy?
A: The Quarterly trend is used by the Federal Reserve and other government agencies to assess the state of the economy and guide policy decisions, as well as by private sector analysts to inform market forecasts.
Q: Are there update delays or limitations?
A: The Quarterly GDP data is released by the Bureau of Economic Analysis approximately one month after the end of each quarter, with some revisions made in subsequent releases.
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Citation
U.S. Federal Reserve, Quarterly (RUSCP110000GYQ), retrieved from FRED.