Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Estonia
Growth rate same period previous year, Quarterly
ESTPIEAMI01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.48
Year-over-Year Change
542.31%
Date Range
1/1/1998 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year change in economic production, providing insights into the pace of economic expansion or contraction.
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 tracks the percent change in real GDP compared to the same quarter in the previous year. It is a key indicator used by economists and policymakers to assess the overall health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
This growth rate trend is widely referenced in economic analysis and policy discussions.
Key Facts
- The U.S. economy grew 2.6% in Q4 2022 compared to Q4 2021.
- GDP growth has averaged 2.3% annually over the past decade.
- Rapid GDP growth can signal economic overheating.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in real GDP, providing insights into the overall 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 used by economists, policymakers, and market participants to assess the health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor GDP growth when making decisions about interest rates, fiscal policy, and other measures to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (ESTPIEAMI01GYQ), retrieved from FRED.