Growth Rate Previous Period, Quarterly, Seasonally Adjusted
ULQBBU07O1Q657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.91
Year-over-Year Change
16.30%
Date Range
4/1/1990 - 1/1/2011
Summary
This economic trend measures the quarterly growth rate of the U.S. economy, adjusted for seasonal variations. It provides a key indicator 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 is a widely-watched metric that captures the percentage change in real GDP from the prior quarter on an annualized basis. It is a crucial statistic for policymakers and analysts 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 comprehensive surveys and economic indicators.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- GDP grew 2.9% in Q4 2022.
- The U.S. economy expanded 3.2% in 2022.
- Quarterly GDP growth averaged 1.8% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percentage change in real gross domestic product (GDP) in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical indicator of the overall health and direction of the U.S. economy, helping policymakers and market participants assess economic performance and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic indicators.
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 that aim to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a delay of approximately one month, providing a timely but not real-time view of economic performance.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (ULQBBU07O1Q657S), retrieved from FRED.