National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Colombia
Growth rate same period previous year
COLNAEXKP03GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.91
Year-over-Year Change
-72.35%
Date Range
1/1/2006 - 1/1/2025
Summary
The 'Growth rate same period previous year' trend measures the year-over-year change in a specified economic indicator. This statistic is crucial for understanding the broader economic landscape and informing policy decisions.
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 economic indicator to its value from the same period in the previous year. It provides insights into the pace and direction of economic activity, allowing policymakers and analysts to assess performance relative to prior benchmarks.
Methodology
This growth rate is calculated as the percent change between the current period's value and the value from the same period one year earlier.
Historical Context
Economists and policymakers rely on this trend to evaluate the strength and trajectory of the overall economy.
Key Facts
- The growth rate can be positive, negative, or zero.
- It provides a relative measure of economic expansion or contraction.
- Policymakers use this trend to guide decisions on interest rates, fiscal policies, and other interventions.
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 one year earlier.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the pace and direction of economic activity, allowing policymakers and analysts to assess performance relative to prior benchmarks.
Q: How is this data collected or calculated?
A: The growth rate is calculated as the percent change between the current period's value and the value from the same period one year earlier.
Q: How is this trend used in economic policy?
A: Economists and policymakers rely on this trend to evaluate the strength and trajectory of the overall economy, informing decisions on interest rates, fiscal policies, and other interventions.
Q: Are there update delays or limitations?
A: The data for this trend is typically updated on a regular schedule, but may be subject to revision or delays depending on the source.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (COLNAEXKP03GYSAQ), retrieved from FRED.