Consumer Price Index: Total Food Excluding Restaurants for Hungary
Growth Rate Same Period Previous Year, Annual
CPGDFD02HUA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.63
Year-over-Year Change
58.33%
Date Range
1/1/1981 - 1/1/2017
Summary
The 'Growth Rate Same Period Previous Year, Annual' trend measures the year-over-year change in real gross domestic product (GDP) for the United States. This key economic indicator provides insight 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 annual growth rate metric compares the current year's real GDP to the previous year's figure for the same time period, offering a standardized measure of economic performance over the long term. It is a widely followed statistic used by policymakers, analysts, and investors 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 using national accounts information.
Historical Context
This growth rate trend is referenced by the Federal Reserve and other institutions when evaluating economic policy and market conditions.
Key Facts
- The U.S. economy grew 5.7% in 2021 compared to 2020.
- Real GDP declined 3.4% in 2020 due to the COVID-19 pandemic.
- The average annual GDP growth rate from 2010-2019 was 2.3%.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Same Period Previous Year, Annual' tracks the year-over-year change in real gross domestic product (GDP) for the United States.
Q: Why is this trend relevant for users or analysts?
A: This key metric provides insight into the overall pace of economic expansion or contraction, making it a widely followed statistic used by policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions reference this annual GDP growth rate when evaluating economic policy and market conditions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis by the Bureau of Economic Analysis, with a typical delay of several weeks from the end of the reference period.
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Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Hungary
HUNFCNODCANUM
Unemployment to Population Rate: All Ages: Males for Hungary
LRUPTTMAHUA156N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Hungary
PRINTO01HUQ661N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Hungary
CPGRLE01HUA659N
Consumer Opinion Surveys: Composite Consumer Confidence for Hungary
CSCICP02HUM460S
Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual (CPGDFD02HUA659N), retrieved from FRED.