Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Estonia
Growth rate previous period, Quarterly
ESTPIEAMI01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.30
Year-over-Year Change
-10.35%
Date Range
4/1/1997 - 10/1/2022
Summary
The Growth rate previous period, Quarterly trend measures the quarter-over-quarter change in real Gross Domestic Product (GDP). This metric is a key indicator of economic growth and a crucial input 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
This series represents the annualized quarter-over-quarter growth rate of real GDP, providing insight into the pace of economic expansion or contraction. Economists closely monitor this data to assess the overall health of the U.S. economy and inform forecasting and policy decisions.
Methodology
The Bureau of Economic Analysis calculates this metric based on changes in real GDP figures.
Historical Context
The growth rate previous period is a widely referenced indicator used by the Federal Reserve, Congressional Budget Office, and private sector analysts to evaluate economic performance and guide policy interventions.
Key Facts
- GDP grew at an annualized rate of 2.9% in Q4 2022.
- The growth rate has averaged 2.3% over the past 10 years.
- Negative growth rates signal economic recessions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in real Gross Domestic Product (GDP), providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of overall economic health, used by policymakers, businesses, and analysts to evaluate economic performance and inform forecasting and decision-making.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates this metric based on changes in real GDP figures.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve, Congressional Budget Office, and other institutions to assess the economy and guide policy interventions.
Q: Are there update delays or limitations?
A: This data is released quarterly, with a short delay as the Bureau of Economic Analysis compiles the GDP figures.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (ESTPIEAMI01GPQ), retrieved from FRED.