Growth Rate Same Period Previous Year, Annual
CPGRLE01G7A659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
6.67%
Date Range
1/1/1971 - 1/1/2016
Summary
The Growth Rate Same Period Previous Year, Annual trend measures the annual percentage change in an economic indicator compared to the same period in the previous year. This metric is widely used by economists and policymakers to assess economic performance and growth dynamics.
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 time series represents the annual growth rate of an economic variable, calculated by comparing the current year's value to the same period in the prior year. It provides insights into the pace and direction of economic expansion or contraction over a 12-month period.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
Analysts and policymakers use this growth rate to evaluate the trajectory of the economy and inform policy decisions.
Key Facts
- The data is released monthly by the U.S. Federal Reserve.
- This metric allows for year-over-year comparisons of economic variables.
- The growth rate can be positive, negative, or zero, signaling expansion, contraction, or no change.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Annual measures the annual percentage change in an economic indicator compared to the same period in the prior year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the pace and direction of economic expansion or contraction, allowing analysts and policymakers to assess overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on underlying economic indicators.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this growth rate to evaluate the trajectory of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve with minimal delays.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for G7
G7LFWATTTTSTSAQ
Production: Industry: Total industry: Total industry excluding construction for G7
G7PRINTO01GPSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for G7
G7LFIN25TTSTSAQ
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for G7
G7LFAC24MASTSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 15 to 24 Years for G7
G7LFIN24FESTQ
Infra-Annual Labor Statistics: Working-Age Population Male: From 55 to 64 Years for G7
G7LFWA55MASTSAQ
Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual (CPGRLE01G7A659N), retrieved from FRED.