Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
NAEXKP01G7A659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.44
Year-over-Year Change
-50.52%
Date Range
1/1/1962 - 1/1/2016
Summary
This annual economic trend measures the growth rate of a specific economic indicator compared to the same period in the previous year. It provides insights into the pace of economic changes over time.
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 Growth Rate Same Period Previous Year tracks the year-over-year change in an economic variable, allowing analysts to assess the underlying trajectory of that metric. This key indicator is widely used to understand the direction and magnitude of economic growth or decline.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
Policymakers and market participants closely monitor this trend to gauge the overall health and momentum of the U.S. economy.
Key Facts
- This trend is reported on an annual basis.
- The data is not seasonally adjusted.
- The metric compares the current period to the same period in the prior year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the growth rate of a specific economic indicator compared to the same period in the previous year, providing insights into the pace of economic changes over time.
Q: Why is this trend relevant for users or analysts?
A: This key indicator is widely used to understand the direction and magnitude of economic growth or decline, which is crucial for policymakers and market participants in assessing the overall health and momentum of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to gauge the overall health and momentum of the U.S. economy, which informs their decision-making and policy actions.
Q: Are there update delays or limitations?
A: This annual trend is reported with a delay, and the data is not seasonally adjusted, which should be considered when interpreting the results.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (NAEXKP01G7A659S), retrieved from FRED.