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Growth rate same period previous year

JPNCP050000GYM • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

1.63

Year-over-Year Change

-47.93%

Date Range

1/1/1971 - 6/1/2021

Summary

The 'Growth rate same period previous year' metric measures the year-over-year change in a given economic indicator, providing insights into economic performance and growth trends.

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 trend represents the annual percent change of an economic variable compared to the same period in the previous year. It is a widely used statistic that helps analysts and policymakers identify changing patterns, assess economic health, and inform policy decisions.

Methodology

The data is calculated by the statistical agency as the percent change between a given time period and the same period from the previous year.

Historical Context

Growth rates are closely monitored by central banks, governments, and market participants to gauge overall economic conditions and make informed policy choices.

Key Facts

  • The 'Growth rate same period previous year' is a widely used economic indicator.
  • It provides a snapshot of economic performance compared to the prior year.
  • The metric is calculated as a percent change from the same period in the previous year.

FAQs

Q: What does this economic trend measure?

A: The 'Growth rate same period previous year' metric measures the percent change in an economic indicator compared to the same period in the previous year.

Q: Why is this trend relevant for users or analysts?

A: This trend provides valuable insights into economic growth and performance, helping analysts and policymakers identify emerging patterns and make informed decisions.

Q: How is this data collected or calculated?

A: The data is calculated as the percent change between a given time period and the same period from the previous year.

Q: How is this trend used in economic policy?

A: Growth rates are closely monitored by central banks, governments, and market participants to gauge overall economic conditions and make informed policy choices.

Q: Are there update delays or limitations?

A: The data is subject to the same publication schedules and potential revisions as the underlying economic indicators.

Related Trends

Citation

U.S. Federal Reserve, Growth rate same period previous year (JPNCP050000GYM), retrieved from FRED.