Sales: Retail Trade: Total Retail Trade: Volume for Luxembourg
Growth rate same period previous year, Quarterly
SLRTTO01LUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.73
Year-over-Year Change
-676.23%
Date Range
1/1/1996 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year change in real GDP, providing insight into the pace of economic expansion or contraction.
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
This quarterly series from the U.S. Bureau of Economic Analysis tracks the annualized growth rate of real GDP compared to the same quarter in the prior year. It is a key indicator used by economists and policymakers to assess the overall health and trajectory of the national economy.
Methodology
The data is calculated based on the change in real GDP between the current and prior year's matching quarters.
Historical Context
Analysts closely monitor this statistic to inform economic forecasts and guide fiscal and monetary policy decisions.
Key Facts
- The Q2 2022 growth rate was 1.8% year-over-year.
- GDP growth has slowed from a high of 6.9% in Q4 2021.
- Negative growth in consecutive quarters is considered a recession.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' metric tracks the year-over-year change in real GDP, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This statistic is a key indicator used by economists and policymakers to assess the overall health and trajectory of the national economy, informing economic forecasts and guiding fiscal and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on the change in real GDP between the current and prior year's matching quarters.
Q: How is this trend used in economic policy?
A: Analysts closely monitor this statistic to inform economic forecasts and guide fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with some lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (SLRTTO01LUQ659S), retrieved from FRED.