National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Czech Republic
Growth rate same period previous year, Quarterly
CZEGDPRQPSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.37
Year-over-Year Change
-35.32%
Date Range
1/1/1997 - 4/1/2025
Summary
This economic trend measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis. It provides insights into the pace of economic expansion or contraction and is a key indicator used by 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 year-over-year GDP growth rate represents the percent change in real GDP compared to the same quarter in the previous year. This metric is widely tracked to assess the overall health and momentum of the economy over time, offering a broader perspective than quarter-over-quarter changes.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
Policymakers and economists closely monitor this indicator to inform decisions and analysis related to monetary and fiscal policy.
Key Facts
- GDP grew 2.9% year-over-year in Q4 2022.
- The fastest growth rate since 2021.
- Slowing from a peak of 8.9% in Q1 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis, providing insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year GDP growth rate is a widely tracked metric that offers a broader perspective on economic health and momentum compared to quarter-over-quarter changes, making it a key indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to inform decisions and analysis related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (CZEGDPRQPSMEI), retrieved from FRED.