International Trade: Imports: Value (Goods): Total for the Euro Area (19 Countries)
Growth rate same period previous year, Quarterly, Seasonally Adjusted
EA19XTIMVA01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.63
Year-over-Year Change
-38.45%
Date Range
1/1/1991 - 1/1/2023
Summary
This economic indicator measures the year-over-year growth rate of the euro area's real gross value added, providing insight into the region's broader economic performance.
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 is a seasonally adjusted, quarterly metric that compares the current quarter's real gross value added to the same quarter in the prior year. This allows analysts to identify trends and turning points in the euro area's overall economic activity.
Methodology
The data is calculated by Eurostat from member countries' national accounts.
Historical Context
This indicator is closely watched by policymakers and investors to assess the health of the euro area economy.
Key Facts
- The euro area includes 19 EU member states that have adopted the euro currency.
- Quarterly GDP growth averaged 2.0% year-over-year in the euro area in 2022.
- Eurostat is the statistical office of the European Union.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of the euro area's real gross value added, which reflects the overall performance of the region's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the pace of economic expansion or contraction in the eurozone, helping policymakers and investors assess the health of the region's economy.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat, the statistical office of the European Union, based on member countries' national accounts.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by the European Central Bank and other policymakers to gauge the state of the euro area economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately two months, reflecting the time required to compile national accounts information across member states.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (EA19XTIMVA01GYSAQ), retrieved from FRED.