Leading Indicators OECD: Reference Series: Gross Domestic Product: Original Series for Portugal
Growth rate same period previous year
LORSGPORPTQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.86
Year-over-Year Change
91.40%
Date Range
1/1/1961 - 7/1/2022
Summary
The 'Growth rate same period previous year' measures the year-over-year change in a given economic indicator, providing insight 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 period's value to the corresponding period one year prior, expressed as a percentage change. It is a widely used tool for analyzing trends and identifying turning points in the economy.
Methodology
The data is calculated from the original time series by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts closely monitor this indicator to gauge the health and momentum of the economy.
Key Facts
- This metric provides a clear picture of the economy's trajectory compared to the prior year.
- It is a key input for policymakers in assessing the need for interventions or policy changes.
- The data is updated quarterly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' measures the year-over-year percentage change in a given economic indicator, providing insight 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 policymakers, economists, and market analysts to gauge the health and momentum of the economy, identify turning points, and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated from the original time series by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this indicator to assess the need for interventions or policy changes to support economic growth and stability.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Federal Reserve, with some inherent delay in the reporting process.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Portugal
LFWA74TTPTQ647S
Total Credit to Private Non-Financial Sector, Unadjusted for Breaks, for Portugal
CRDQPTAPUBIS
Harmonized Index of Consumer Prices: Alcoholic Beverages, Tobacco and Narcotics for Portugal
CP0200PTM086NEST
Harmonized Index of Consumer Prices: Non-Durable Household Goods for Portugal
CP0561PTM086NEST
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Portugal
PRTPROCONAISMEI
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Portugal
LREM24MAPTQ156S
Citation
U.S. Federal Reserve, Growth rate same period previous year (LORSGPORPTQ659S), retrieved from FRED.