Consumer Price Index: Total Food Excluding Restaurants for the Slovak Republic
Growth Rate Same Period Previous Year, Monthly
CPGDFD02SKM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.49
Year-over-Year Change
26.12%
Date Range
1/1/1991 - 5/1/2018
Summary
The Growth Rate Same Period Previous Year, Monthly measures the year-over-year change in a country's gross domestic product (GDP). This metric is a key economic indicator used by policymakers and analysts to assess a nation's economic performance and growth trajectory.
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 series tracks the year-over-year growth rate of a country's GDP, which reflects the overall change in economic output compared to the same period in the prior year. It provides valuable insights into the pace and direction of a country's economic expansion or contraction.
Methodology
The data is calculated by the U.S. Federal Reserve based on official GDP statistics.
Historical Context
The growth rate is closely monitored by economists, investors, and policymakers to inform economic forecasting, fiscal and monetary policy decisions, and market analysis.
Key Facts
- The data is reported on a monthly basis.
- GDP growth rates can indicate the overall health of an economy.
- Positive growth rates suggest economic expansion, while negative rates indicate contraction.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Monthly measures the year-over-year change in a country's gross domestic product (GDP), providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key economic indicator used by policymakers, investors, and analysts to assess a nation's economic performance and make informed decisions about fiscal and monetary policies, market strategies, and economic forecasting.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official GDP statistics.
Q: How is this trend used in economic policy?
A: The growth rate is closely monitored by economists and policymakers to inform economic forecasting, fiscal and monetary policy decisions, and market analysis.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with potential delays in the release of official GDP statistics.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly (CPGDFD02SKM659N), retrieved from FRED.