National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for India
Growth rate same period previous year, Annual
INDGDPRAPSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.72
Year-over-Year Change
9.76%
Date Range
1/1/2013 - 1/1/2024
Summary
The Growth Rate Same Period Previous Year, Annual indicator measures the year-over-year change in a country's gross domestic product (GDP). It is a key metric for understanding economic growth and performance.
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 annual GDP growth rate compares the current year's GDP to the previous year's GDP for the same period, providing insight into the pace and trajectory of a nation's economic expansion or contraction. It is widely used by economists, policymakers, and analysts to evaluate a country's economic health and inform decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics.
Historical Context
Governments and central banks closely monitor this growth rate metric to guide macroeconomic policies and assess the effectiveness of their economic interventions.
Key Facts
- The U.S. GDP growth rate in 2021 was 5.7%.
- China's GDP growth rate in 2022 was 3.0%.
- The Eurozone GDP growth rate in 2020 was -6.4%.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Annual indicator measures the year-over-year change in a country's 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: This GDP growth rate metric is widely used by economists, policymakers, and analysts to evaluate a country's economic health and performance, informing decision-making and macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics.
Q: How is this trend used in economic policy?
A: Governments and central banks closely monitor this growth rate metric to guide macroeconomic policies and assess the effectiveness of their economic interventions.
Q: Are there update delays or limitations?
A: The annual GDP growth rate data is subject to periodic revisions and may have some delay in availability compared to more frequent economic indicators.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (INDGDPRAPSMEI), retrieved from FRED.