|GDP Growth Rate:
Thus, for example, if a component increases from $100 in the first quarter to $105 in the second quarter (5% at a quarterly rate), the annual rate of increase is (($105/$100)4/1 – 1) x 100 = 21.6%.
|GUIDES & TABLES:
Real gross domestic product is the inflation adjusted value of the goods and services produced by labor and property located in the United States.
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
Guide to the National Income and Product Accounts of the United States (NIPA)
|MORE FORMULAS TO CALCULATE GROWTH RATES:
Change from Year Ago
Percent Change from Year Ago
Compounded Annual Rate of Change
Continuously Compounded Rate of Change
Continuously Compounded Annual Rate of Change
‘x(t)’ is the value of series x at time period t.
‘n_obs_per_yr’ is the number of observations per year. The number of observations per year differs by frequency:
Daily, 260 (no values on weekends)
‘ln’ represents the natural logarithm.
‘**’ represents to the power of.
Formulas to Calculate Growth Rate