Sales: Retail trade: Car registration: Passenger cars for the European Union
Growth rate same period previous year, Quarterly
EU28SLRTCR03GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.68
Year-over-Year Change
116.51%
Date Range
1/1/1971 - 10/1/2019
Summary
This economic indicator measures the year-over-year growth rate of GDP in the European Union on a quarterly basis. It provides insight into the overall pace of economic expansion or contraction across the EU.
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 trend tracks the annualized change in gross domestic product (GDP) for the European Union, comparing each quarter to the same quarter in the previous year. This metric is widely used by economists and policymakers to assess the region's macroeconomic performance.
Methodology
The data is calculated by Eurostat using national accounts information submitted by EU member states.
Historical Context
Analysts and institutions closely monitor this indicator to gauge the health of the European economy and inform policy decisions.
Key Facts
- The EU's GDP grew 4.1% year-over-year in Q2 2022.
- Quarterly GDP growth rates can signal economic expansions or recessions.
- The indicator is published by Eurostat approximately 2 months after each quarter.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year growth rate of gross domestic product (GDP) in the European Union on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key measure of macroeconomic performance and is widely used by economists, policymakers, and investors to assess the health and trajectory of the European economy.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat using national accounts information submitted by EU member states.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank and national governments closely monitor this indicator to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The indicator is published by Eurostat approximately 2 months after the end of each quarter, so there is a short delay in the availability of the data.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28SLRTCR03GYSAQ), retrieved from FRED.