Growth Rate Previous Period, Quarterly, Seasonally Adjusted
ULQBBU01EEQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.07
Year-over-Year Change
-101.55%
Date Range
4/1/1995 - 1/1/2011
Summary
This economic indicator measures the quarterly growth rate of the U.S. gross domestic product (GDP) on a seasonally adjusted basis. It provides insights 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
The growth rate previous period, quarterly, seasonally adjusted is a key metric used by economists and policymakers to analyze the overall health and trajectory of the U.S. economy. It shows the percentage change in real GDP from the prior quarter, adjusting for seasonal variations.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and administrative records.
Historical Context
This growth rate trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- GDP growth averaged 2.3% annually from 1947 to 2022.
- The U.S. economy contracted in 2020 due to the COVID-19 pandemic.
- Positive GDP growth is a key sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter percentage change in real U.S. gross domestic product, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a fundamental metric for assessing the overall health and direction of the U.S. economy, which is crucial information for policymakers, investors, and other economic stakeholders.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and administrative records.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions aimed at promoting economic stability and prosperity.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (ULQBBU01EEQ657S), retrieved from FRED.