Question #65609

How to calculate Year over Year growth rate for non-yearly data? for example how to calculate US Q4 you GDP growth rate?

Expert's answer

Year over Year growth rate is percentage change between a given period and the same period in the previous year. To calculate US Q4 GDP growth rate we use the following formula:
Q GDP (yoy) = (GDPQ-GDPQ-4)/GDPQ, where GDPQ and GDPQ-4 are measured in constant dollars.

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