Real GDP Growth (YoY)

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The headline macro number — chained 2017-dollar GDP growth year-over-year.

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What this chart shows

Methodology

GDPC1 = Real Gross Domestic Product, chained 2017 dollars (BEA, quarterly, SAAR). YoY % = (q_t − q_{t-4}) / q_{t-4}. Smoother than the QoQ-annualised rate the BEA headlines — filters noise.