Producer Prices Index: Type of goods: Investments goods: Total for the European Union
Growth rate same period previous year, Quarterly
EU28PITGVG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.91
Year-over-Year Change
-2.62%
Date Range
1/1/2001 - 4/1/2020
Summary
This economic trend measures the year-over-year growth rate of GDP for the European Union (28 countries) on a quarterly basis. It provides insights into the overall pace of economic expansion or contraction in the EU 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 indicator tracks the percent change in real GDP compared to the same quarter in the previous year. This metric is widely used by economists and policymakers to analyze the trajectory of the EU economy and inform economic policy decisions.
Methodology
The data is calculated by the European Union's statistical agency, Eurostat, based on quarterly GDP reports from member states.
Historical Context
This trend is a key reference point for the European Central Bank and other institutions monitoring the health of the EU economy.
Key Facts
- The EU recorded a 4.8% year-over-year GDP growth in Q4 2021.
- Quarterly GDP growth rates have ranged from -14.6% to 14.6% over the past decade.
- The EU's year-over-year GDP growth has generally trended upward since the 2008-2009 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real GDP for the European Union (28 countries) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year provides insights into the overall pace of economic expansion or contraction in the EU, which is crucial for economic policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat, the European Union's statistical agency, based on quarterly GDP reports from member states.
Q: How is this trend used in economic policy?
A: This trend is a key reference point for the European Central Bank and other institutions monitoring the health of the EU economy to inform their policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical delay of 2-3 months after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28PITGVG01GYQ), retrieved from FRED.