Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for Denmark
Growth rate same period previous year
LORSGPORDKQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.36
Year-over-Year Change
91.69%
Date Range
1/1/1961 - 7/1/2022
Summary
The growth rate same period previous year measures the year-over-year change in a selected economic indicator, providing insights into the pace and direction of economic growth.
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 metric compares the current value of an economic indicator to its value from the same period in the previous year, expressing the change as a percentage. It is a widely used tool for analyzing economic trends and business cycles.
Methodology
The growth rate is calculated by taking the current value and dividing it by the value from the same period in the previous year, then subtracting 1 and multiplying by 100.
Historical Context
Economists and policymakers closely monitor this indicator to gauge the overall health and trajectory of the economy.
Key Facts
- The growth rate can be positive, negative, or zero, indicating expansion, contraction, or stagnation, respectively.
- It is a helpful tool for identifying turning points in the economic cycle, such as recessions and recoveries.
- The growth rate is often used in conjunction with other economic indicators to provide a comprehensive assessment of economic performance.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year measures the year-over-year change in a selected economic indicator, providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to gauge the overall health and trajectory of the economy, as it helps identify turning points in the economic cycle and can be used in conjunction with other indicators to provide a comprehensive assessment of economic performance.
Q: How is this data collected or calculated?
A: The growth rate is calculated by taking the current value of an economic indicator and dividing it by the value from the same period in the previous year, then subtracting 1 and multiplying by 100.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the overall health and direction of the economy, using it to inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The growth rate data is typically released on a regular schedule, but there may be some delays or limitations depending on the source and frequency of the underlying economic indicator.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (LORSGPORDKQ659S), retrieved from FRED.