Producer Prices Index: Economic activities: Mining and quarrying activities: Domestic for the European Union
Growth rate same period previous year, Quarterly
EU28PIEAMI02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-13.11
Year-over-Year Change
-302.50%
Date Range
1/1/2001 - 4/1/2020
Summary
This economic indicator measures the year-over-year growth rate of the Gross Domestic Product (GDP) of the European Union. It provides insight into the pace of economic expansion or contraction in the region.
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 metric tracks the percentage change in GDP compared to the same quarter of the previous year. This allows analysts to identify trends and assess the overall health of the European economy over time.
Methodology
The data is calculated by the European Union based on its members' reported GDP figures.
Historical Context
This growth rate statistic is closely monitored by policymakers, investors, and economists to gauge the strength of the European economy.
Key Facts
- The EU28 GDP growth rate averaged 2.1% from 2012-2022.
- The highest growth rate during this period was 5.4% in Q2 2021.
- The lowest growth rate was -5.3% in Q2 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of the Gross Domestic Product (GDP) for the European Union as a whole.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key measure of economic performance and provides insight into the overall health and trajectory of the European economy.
Q: How is this data collected or calculated?
A: The data is calculated by the European Union based on its member states' reported GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and economists closely monitor this growth rate statistic to gauge the strength of the European economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical 2-3 month delay before publication.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28PIEAMI02GYQ), retrieved from FRED.