Consumer Price Index: Total Food Excluding Restaurants for Sweden
Growth Rate Previous Period, Annual
CPGDFD02SEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.14
Year-over-Year Change
-412.50%
Date Range
1/1/1960 - 1/1/2017
Summary
The Growth Rate Previous Period, Annual measures the year-over-year percent change in real GDP. This key economic indicator provides insights into the overall 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 quarter's real GDP to the same quarter one year ago. It is a widely tracked indicator of broad macroeconomic performance and can signal turning points in the business cycle.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive real GDP estimates.
Historical Context
Policymakers and analysts closely monitor this growth rate to assess the health of the economy and inform monetary and fiscal policy decisions.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 1947 to 2022.
- Quarterly GDP growth can fluctuate significantly, but the annual rate provides a more stable picture.
- Negative annual GDP growth is considered an economic recession.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Annual measures the year-over-year percent change in real gross domestic product (GDP), a comprehensive indicator of overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This growth rate is a critical barometer of macroeconomic performance and can signal turning points in the business cycle, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their comprehensive estimates of real GDP.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor GDP growth rates to assess the overall health of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a short lag time. There may be minor revisions to historical data as more complete information becomes available.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Sweden
CPALTT01SEM659N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Sweden
SWEPRINTO01IXOBM
Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Sweden
IRSTCI01SEM156N
Leading Indicators OECD: Component series: Long-term interest rate: Original series for Sweden
SWELOCOLTORSTM
Harmonized Index of Consumer Prices: Restaurants and Hotels for Sweden
CP1100SEM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Sweden
SWECP070000IXOBM
Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual (CPGDFD02SEA657N), retrieved from FRED.