Growth Rate Previous Period, Quarterly, Seasonally Adjusted
ULQBBU07G7Q657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
55.60%
Date Range
4/1/1990 - 1/1/2011
Summary
This economic indicator tracks the quarter-over-quarter growth rate of real GDP, adjusted for seasonal variations. It provides insights into the pace and direction of overall U.S. 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 metric measures the percent change in real GDP from the previous quarter. It is a key indicator used by policymakers, analysts, and investors to assess the health and trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive GDP estimates.
Historical Context
This trend helps inform monetary and fiscal policy decisions by the Federal Reserve and Congress.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth has exceeded 6% in several periods since 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarter-over-quarter percent change in real gross domestic product (GDP), adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical measure of overall economic performance and a key input for 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 GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate informs monetary and fiscal policy decisions by the Federal Reserve and Congress.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis with a lag of several weeks after the end of each quarter.
Related Trends
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Infra-Annual Labor Statistics: Employment Female: From 15 to 64 Years for G7
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (ULQBBU07G7Q657S), retrieved from FRED.