Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Germany
Growth rate same period previous year
DEUCP040100GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.03
Year-over-Year Change
30.73%
Date Range
1/1/1996 - 1/1/2025
Summary
The 'Growth rate same period previous year' measures the year-over-year change in gross domestic product (GDP) for the European Union. This key economic indicator provides insight into the pace of economic growth and is widely followed 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
This quarterly growth rate metric compares the current quarter's GDP to the same quarter in the previous year. It reflects the overall expansion or contraction of economic activity, a crucial factor in assessing the health and trajectory of the European economy.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
The growth rate is used by central banks, governments, and market participants to inform economic policy decisions and investment strategies.
Key Facts
- The EU's GDP grew by 2.1% in Q3 2022 compared to Q3 2021.
- Quarterly GDP growth rates can vary significantly due to seasonal and one-time factors.
- Sustained positive growth rates are a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' measures the year-over-year change in gross domestic product (GDP) for the European Union.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insight into the pace of economic growth and is widely followed by policymakers and analysts to assess the health and trajectory of the European economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The growth rate is used by central banks, governments, and market participants to inform economic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: Quarterly GDP growth rates can vary significantly due to seasonal and one-time factors, and there may be update delays in the data release.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (DEUCP040100GYQ), retrieved from FRED.