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United States Gross Domestic Product (GDP) Sales Quarter-over-Quarter (QoQ)

Price

3.9 %
Change +/-
+0.3 %
Percentage Change
+8.00 %

The current value of the Gross Domestic Product (GDP) Sales Quarter-over-Quarter (QoQ) in United States is 3.9 %. The Gross Domestic Product (GDP) Sales Quarter-over-Quarter (QoQ) in United States increased to 3.9 % on 12/1/2023, after it was 3.6 % on 9/1/2023. From 3/1/1950 to 3/1/2024, the average GDP in United States was 3.19 %. The all-time high was reached on 9/1/2020 with 25.1 %, while the lowest value was recorded on 6/1/2020 with -24.4 %.

Source: U.S. Bureau of Economic Analysis

Gross Domestic Product (GDP) Sales Quarter-over-Quarter (QoQ)

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GDP Sales QoQ

Gross Domestic Product (GDP) Sales Quarter-over-Quarter (QoQ) History

DateValue
12/1/20233.9 %
9/1/20233.6 %
6/1/20232.1 %
3/1/20234.6 %
12/1/20221 %
9/1/20223.4 %
6/1/20221.5 %
12/1/20212.6 %
9/1/20210.3 %
6/1/20218.3 %
1
2
3
4
5
...
26

Similar Macro Indicators to Gross Domestic Product (GDP) Sales Quarter-over-Quarter (QoQ)

NameCurrentPreviousFrequency
🇺🇸
Annual GDP Growth Rate
2.9 %3.1 %Quarter
🇺🇸
GDP
27.361 T USD25.744 T USDAnnually
🇺🇸
GDP at constant prices
22.919 T USD22.759 T USDQuarter
🇺🇸
GDP from Agriculture
177.8 B USD178.5 B USDQuarter
🇺🇸
GDP from Construction
878.2 B USD863.4 B USDQuarter
🇺🇸
GDP from Manufacturing
2.384 T USD2.337 T USDQuarter
🇺🇸
GDP from Mining
336.6 B USD340.8 B USDQuarter
🇺🇸
GDP from Public Administration
2.622 T USD2.617 T USDQuarter
🇺🇸
GDP from Services
16.801 T USD16.7 T USDQuarter
🇺🇸
GDP from the Transportation Sector
714 B USD713.3 B USDQuarter
🇺🇸
GDP from Utilities
342.2 B USD337.6 B USDQuarter
🇺🇸
GDP Growth for the Full Year
2.5 %1.9 %Annually
🇺🇸
GDP Growth Rate
1.4 %3.4 %Quarter
🇺🇸
GDP per capita
65,020.35 USD63,720.76 USDAnnually
🇺🇸
GDP per capita PPP
73,637.3 USD72,165.48 USDAnnually
🇺🇸
Gross Capital Expenditure
4.084 T USD4.016 T USDQuarter
🇺🇸
Gross National Income
23.416 T USD23.289 T USDQuarter
🇺🇸
Real Consumer Spending
1.5 %3.3 %Quarter
🇺🇸
Weekly Economic Index
1.74 %1.63 %frequency_weekly

In the United States, final sales of domestic product are calculated by subtracting the change in private inventories from the GDP. This figure is also equivalent to the sum of personal consumption expenditures, gross private fixed investment, government consumption expenditures and gross investment, and net exports of goods and services.

What is Gross Domestic Product (GDP) Sales Quarter-over-Quarter (QoQ)?

"GDP Sales QoQ" stands for "Gross Domestic Product Sales Quarter-on-Quarter." This economic indicator is fundamentally essential for any analytical assessment of a country's economic health and business performance. As a professional macroeconomic data platform, Eulerpool is deeply committed to delivering accurate and comprehensive economic data insights. Therefore, a thorough understanding of GDP Sales QoQ and its significance is vital for researchers, policymakers, investors, and other stakeholders. GDP represents the total monetary value of all goods and services produced within a nation's borders over a specified period. It serves as a broad measure of overall domestic production and functions as a comprehensive scorecard of a country’s economic health. When analysts refer to GDP Sales QoQ, they are particularly focusing on the changes observed in GDP from one quarter to the next. This metric enables the detection of short-term economic trends and patterns that might be masked in an annual measurement. The significance of GDP Sales QoQ cannot be overstated. This metric is widely used to gauge the momentum of an economy. A rising figure suggests economic expansion, with businesses experiencing higher sales and potentially higher profits. Conversely, a declining GDP Sales QoQ figure might indicate economic contraction, suggesting lower business sales, reduced consumer spending, and a potential downturn. One of the inherent complexities of GDP Sales QoQ lies in its sensitivity to seasonal variations and other temporal anomalies. Therefore, it is critical to make seasonal adjustments to derive a more accurate reflection of the underlying economic trends. Without such adjustments, the data might present a misleading picture due to the cyclical high or low sales periods that naturally occur in certain industries. Another pivotal consideration when interpreting GDP Sales QoQ data is inflation. Nominal GDP reflects the value of goods and services at current prices, which may be distorted by inflation. Therefore, economists and analysts often rely on real GDP, which is adjusted for inflation and offers a clearer view of volume growth, stripped of price changes. The GDP Sales QoQ metric serves several crucial functions. For one, it assists governments in crafting informed fiscal and monetary policies. Policy measures such as interest rates adjustments, taxation policies, and public spending decisions are often driven by insights drawn from quarterly GDP data. For instance, a declining GDP Sales QoQ figure might prompt a government to introduce stimulus measures aimed at spurring economic activity, such as lower interest rates or increased public spending. In the corporate sector, businesses rely on GDP Sales QoQ data to shape their strategic decisions. Understanding whether the economy is in a phase of expansion or contraction helps corporations decide on critical aspects such as investment in capacity expansion, hiring strategies, and capital allocation. For example, during periods of robust GDP growth, businesses might feel more confident in investing in new projects, expanding their workforce, or even venturing into new markets. Similarly, for investors, GDP Sales QoQ provides crucial guidance on where and how to allocate their resources. A rising GDP typically indicates a good time to invest in growth-oriented assets, like equities, as businesses are likely enjoying higher sales and profitability. Conversely, a falling GDP might suggest a more cautious approach, with a potential shift towards safer, defensive assets. By closely monitoring and analyzing GDP Sales QoQ, analysts can also derive critical insights into consumer behavior. Consumer spending is a significant component of GDP; thus, a rise in GDP Sales QoQ often correlates with increased consumer spending. Understanding these dynamics allows market players to predict consumer demand trends, thereby better positioning their offerings. On Eulerpool, we emphasize clarity and precision in presenting GDP Sales QoQ data, ensuring that users can access the most accurate and up-to-date information. Our platform aggregates GDP data from a wide range of authoritative sources, applying rigorous methodologies to validate and present the information. Users can browse through historical GDP trends, make comparisons across different quarters, and visualize the data through interactive charts and graphs. We understand that interpreting macroeconomic data can be complex. Therefore, Eulerpool provides educational resources, including articles, tutorials, and expert analyses, to help users make sense of the GDP Sales QoQ data. By offering detailed explanations and contextual insights, we aim to enhance users' analytical capabilities, empowering them to make well-informed decisions based on robust economic data. Moreover, our platform allows users to customize their data view, tailoring the presentation of GDP Sales QoQ information to their specific analytical needs. Whether you are an academic researcher, a corporate strategist, or an individual investor, Eulerpool provides the flexibility and depth of data that you require. In conclusion, GDP Sales QoQ is an indispensable economic indicator, offering vital insights into the short-term performance and trends of an economy. As a leading provider of macroeconomic data, Eulerpool is dedicated to delivering precise and comprehensive GDP Sales QoQ data. By harnessing this data, users can better understand economic dynamics, make informed decisions, and ultimately contribute to the economic dialogue and growth of their respective regions and industries.