Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Germany
Growth rate same period previous year, Quarterly
DEUPITGCD02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.36
Year-over-Year Change
767.57%
Date Range
1/1/1996 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of GDP in Germany on a quarterly basis. It provides insight into the pace of the country's economic expansion or contraction over time.
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 same period previous year, Quarterly statistic tracks the percent change in Germany's real GDP compared to the same quarter of the prior year. This metric is widely used by economists and policymakers to analyze the performance of the German economy and inform economic policy decisions.
Methodology
The data is calculated based on official GDP figures reported by the German Federal Statistical Office.
Historical Context
Policymakers and analysts closely monitor this trend to assess the broader health of the German economy and its position within the Eurozone.
Key Facts
- Germany is the largest economy in the Eurozone.
- GDP growth rate averaged 1.5% per year from 2010-2019.
- The COVID-19 pandemic caused a 4.6% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real GDP in Germany on a quarterly basis, providing insight into the pace of the country's economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year, Quarterly statistic is a key indicator used by economists and policymakers to assess the performance of the German economy and inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP figures reported by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the broader health of the German economy and its position within the Eurozone, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (DEUPITGCD02GYQ), retrieved from FRED.