Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
SLRTTO01G7Q659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.49
Year-over-Year Change
67.36%
Date Range
1/1/1971 - 4/1/2017
Summary
This economic trend measures the year-over-year growth rate of real total output, providing insight into the pace of economic expansion or contraction. It is a key indicator used by policymakers and analysts to assess the health and trajectory of the U.S. 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 Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted statistic tracks the percent change in real total output compared to the same quarter of the prior year. This metric offers a broader perspective on economic performance beyond quarter-to-quarter fluctuations, helping identify underlying growth trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using seasonally adjusted real GDP figures.
Historical Context
This trend is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The average annual growth rate from 1947 to 2022 was 3.1%.
- The highest recorded growth rate was 8.1% in Q4 1950.
- The lowest recorded growth rate was -3.9% in Q2 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in real total output, providing insight into the pace of economic expansion or contraction in the United States.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of real total output is a key indicator used by policymakers, economists, and investors to assess 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 using seasonally adjusted real GDP figures.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (SLRTTO01G7Q659S), retrieved from FRED.