National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Colombia
Growth rate same period previous year
COLNAEXKP01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.68
Year-over-Year Change
-66.94%
Date Range
1/1/2006 - 1/1/2025
Summary
The growth rate same period previous year measures the year-over-year change in an economic indicator, providing insights into the pace 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
This metric compares the current value of an indicator to its value from the same period a year earlier, allowing analysts to assess performance relative to the prior year. It is a key measure used to understand broader economic trends and inform policy decisions.
Methodology
The growth rate is calculated by the U.S. Federal Reserve as the percent change between the current period and the same period one year ago.
Historical Context
Policymakers and market participants closely monitor this statistic to gauge the strength and direction of the economy.
Key Facts
- The growth rate can signal a potential economic expansion or contraction.
- This metric is widely used to analyze GDP, employment, and other key economic data.
- Policymakers rely on the growth rate to inform decisions about interest rates and fiscal policy.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year measures the percent change in an economic indicator compared to the same period a year earlier.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the pace and direction of economic activity, helping analysts and policymakers assess the overall health of the economy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates the growth rate as the percent change between the current period and the same period one year ago.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor the growth rate to gauge the strength of the economy and inform decisions about interest rates, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The growth rate data is typically released on a monthly or quarterly basis, with minimal delays, providing timely insights into economic performance.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (COLNAEXKP01GYSAQ), retrieved from FRED.