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Growth rate same period previous year, Quarterly
SWECCUSMA02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.63
Year-over-Year Change
-93.96%
Date Range
1/1/1960 - 10/1/2023
Summary
The 'Growth rate same period previous year, Quarterly' trend measures the year-over-year change in real GDP for the United States. This provides valuable insight into the pace of economic growth over time.
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 indicator tracks the year-over-year growth rate of real GDP, which is the broadest measure of economic activity in the U.S. It is a key metric used by economists and policymakers to assess the overall health and trajectory of the national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
Analysts and decision-makers monitor this trend to gauge the strength of the economy and guide fiscal and monetary policies.
Key Facts
- GDP growth rate was 2.3% in Q4 2022.
- The highest GDP growth rate in the last 5 years was 6.9% in Q2 2021.
- GDP growth has averaged 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insight into the pace of economic growth, which is a key factor considered by economists, policymakers, and market participants when analyzing the overall health 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 national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this GDP growth rate trend to gauge the strength of the economy and guide fiscal and monetary policies accordingly.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month, so the most recent quarter's figure may not be available immediately.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (SWECCUSMA02GYQ), retrieved from FRED.