Quarterly, Seasonally Adjusted
LREPTTTTEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.61
Year-over-Year Change
-0.75%
Date Range
1/1/2005 - 10/1/2012
Summary
This quarterly, seasonally adjusted series measures the year-over-year change in real GDP for the Euro area. It provides key insights into the overall economic growth and health of the Euro region.
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 real GDP growth rate is a core macroeconomic indicator used by economists and policymakers to assess the pace of economic expansion or contraction. It's a widely referenced statistic for evaluating the performance of the Euro area economy.
Methodology
The data is calculated by the European Union's statistical agency, Eurostat, based on quarterly national accounts data.
Historical Context
Policymakers at the European Central Bank closely monitor this GDP growth trend when setting monetary policy to support economic stability and objectives.
Key Facts
- The Euro area recorded a 2.1% year-over-year GDP growth rate in Q4 2022.
- GDP growth has slowed from a high of 4.8% in Q2 2021 as the economy faces headwinds.
- The GDP growth rate is a key input for the ECB's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This series measures the year-over-year change in real (inflation-adjusted) GDP for the Euro area, providing a gauge of overall economic growth and performance.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical macroeconomic indicator used by economists, policymakers, and market analysts to assess the health and direction of the Euro area economy.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat based on quarterly national accounts data provided by member states.
Q: How is this trend used in economic policy?
A: The European Central Bank closely monitors the GDP growth rate when setting monetary policy to support economic stability and objectives for the Euro area.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately 2 months, so the most recent figure may not reflect the latest economic conditions.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LREPTTTTEUQ156S), retrieved from FRED.