Producer Prices Index: Economic activities: Energy: Domestic for Ireland
Growth rate same period previous year, Quarterly
IRLPIEAEN02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.76
Year-over-Year Change
-278.05%
Date Range
1/1/2006 - 10/1/2017
Summary
This economic indicator measures the year-over-year growth rate for real gross domestic product (GDP) on a quarterly basis. It provides insight 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
The growth rate same period previous year, Quarterly metric tracks the percentage change in real GDP compared to the same quarter of the previous year. It is a key measure of the economy's overall performance and a leading indicator used by policymakers and analysts.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts statistics.
Historical Context
This GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- GDP grew 3.2% year-over-year in Q1 2023.
- The fastest GDP growth since 2021 was 6.9% in Q4 2021.
- Negative year-over-year GDP growth indicates an economic recession.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate in real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical measure of overall economic performance and a leading indicator used by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this GDP growth rate to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a lag of several weeks following the end of the reference period.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Ireland
IRLCP030000CTGYM
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Ireland
LRACTTTTIEQ156S
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Females for Ireland
LFHUADFEIEM647S
Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Ireland
LRUN25TTIEQ156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Ireland
IRLCP120000CTGYM
Harmonized Index of Consumer Prices: Furniture and Furnishings for Ireland
CP0511IEM086NEST
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (IRLPIEAEN02GYQ), retrieved from FRED.