Consumer Price Index: Total Food Excluding Restaurants for Denmark
Growth Rate Same Period Previous Year, Annual
CPGDFD02DKA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.81
Year-over-Year Change
334.36%
Date Range
1/1/1967 - 1/1/2017
Summary
The 'Growth Rate Same Period Previous Year, Annual' measures the year-over-year change in real gross domestic product (GDP). This key economic indicator provides insight into the pace and direction of economic growth.
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 annualized growth rate compares the current year's GDP to the same period in the prior year, expressed as a percentage change. Economists and policymakers closely monitor this trend to assess the overall health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
The GDP growth rate is a crucial input for economic and monetary policy decisions.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
- GDP growth slowed to 2.2% in 2019 due to trade tensions and weaker business investment.
- The COVID-19 pandemic caused a historic 3.5% GDP contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Same Period Previous Year, Annual' measures the year-over-year change in real gross domestic product (GDP), providing insight into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a crucial indicator of economic health and performance, closely monitored by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for economic and monetary policy decisions made by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is typically released on a quarterly basis, with a delay of several weeks after the end of each quarter.
Related Trends
Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Denmark
DNKCPHP0400IXEBM
National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Denmark
DNKGFCEQDSMEI
Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Denmark
LFEAICTTDKA647S
Infra-Annual Labor Statistics: Employment Female: From 25 to 54 Years for Denmark
LFEM25FEDKQ657N
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Denmark
LRHUADFEDKM156S
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Denmark
LRAC25TTDKQ156S
Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual (CPGDFD02DKA659N), retrieved from FRED.