Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for Estonia
Growth rate same period previous year
LORSGPOREEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.28
Year-over-Year Change
-173.12%
Date Range
1/1/1996 - 7/1/2022
Summary
The growth rate same period previous year measures the year-over-year change in a given economic indicator, providing insights 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
This metric compares a current period's value to the corresponding period one year prior, allowing analysts to identify trends and evaluate the momentum of the economy. It is a widely used statistic for assessing the performance of various sectors and markets.
Methodology
The data is calculated by the U.S. Federal Reserve based on official economic statistics.
Historical Context
Policymakers and market participants closely monitor this growth rate to gauge the overall health of the economy and make informed decisions.
Key Facts
- The growth rate is expressed as a percentage change.
- Positive values indicate economic expansion, while negative values signify contraction.
- This metric is a leading indicator of overall 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 given economic indicator, providing insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by analysts and policymakers to assess the performance of various sectors and the overall health of the economy, and to inform decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this growth rate to gauge the overall health of the economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with potential delays or limitations depending on the source of the underlying economic statistics.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (LORSGPOREEQ659S), retrieved from FRED.