Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Czech Republic
Growth rate previous period, Quarterly
CZECP110000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.84
Year-over-Year Change
66.50%
Date Range
4/1/1995 - 7/1/2023
Summary
The growth rate previous period, quarterly trend measures the quarter-over-quarter percent change in the real Gross Domestic Product (GDP) of the United States. This metric is a key indicator of overall economic performance and a primary tool for policymakers and analysts.
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
The growth rate previous period, quarterly trend tracks the pace of economic expansion or contraction on a quarterly basis. It provides insight into the momentum and direction of the broader economy, helping economists and policymakers assess the need for interventions or policy adjustments.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
This metric is closely watched by the Federal Reserve, government agencies, and private sector analysts to inform monetary and fiscal policy decisions.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- The largest quarterly decline was -31.2% in Q2 2020 due to the COVID-19 pandemic.
- Positive growth signals economic expansion, while negative growth indicates contraction.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, quarterly trend measures the quarter-over-quarter percent change in the real Gross Domestic Product (GDP) of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic performance and a primary tool for policymakers and analysts to assess the momentum and direction of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: This metric is closely watched by the Federal Reserve, government agencies, and private sector analysts to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (CZECP110000GPQ), retrieved from FRED.