Growth Rate Previous Period, Quarterly, Seasonally Adjusted
ULQBBU06LUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.08
Year-over-Year Change
-78.23%
Date Range
4/1/1995 - 7/1/2011
Summary
This economic indicator measures the quarterly growth rate of the U.S. economy, adjusted for seasonal variations. It provides insight into the pace and direction of overall economic activity.
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 metric calculates the percent change in real GDP from the previous quarter. It is a key indicator used by economists and policymakers to assess the health and trajectory of the national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Historical Context
This metric informs decision-making by the Federal Reserve, Congress, and private sector analysts regarding monetary and fiscal policies.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Q4 2022 GDP growth was 2.9% according to the latest data.
FAQs
Q: What does this economic trend measure?
A: This metric measures the quarterly percent change in real gross domestic product (GDP), which is the broadest indicator of overall economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical gauge of economic health and performance, informing decisions by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve, Congress, and other institutions to guide monetary and fiscal policies aimed at promoting economic stability and prosperity.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a lag of approximately one month, reflecting the time required to collect and analyze the underlying economic data.
Related Trends
Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels for Luxembourg
LUXCPHP0405GPM
Gross National Income for Luxembourg
MKTGNILUA646NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Luxembourg
LUXCP040000GYM
People 15 Years and Over Saving at a Financial Institution in the Past Year for Luxembourg
DDAI06LUA156NWDB
Percentage of Foreign Banks Among Total Banks for Luxembourg
DDOI13LUA156NWDB
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for Luxembourg
LUXCP040400GPM
Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (ULQBBU06LUQ657S), retrieved from FRED.