National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Austria
Growth rate same period previous year, Annual
NAEXKP02ATA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
-45.47%
Date Range
1/1/1989 - 1/1/2024
Summary
The Growth rate same period previous year, Annual trend measures the year-over-year change in a country's gross domestic product (GDP). This key metric provides 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 annual growth rate compares a country's GDP in the current year to the same period in the previous year. It is a widely used indicator of economic performance and a core data point for macroeconomic analysis and policymaking.
Methodology
The data is calculated from official GDP figures reported by national statistical agencies.
Historical Context
Policymakers and analysts monitor this trend to assess the overall health of the economy and guide decisions on fiscal and monetary policies.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
- Positive GDP growth rates indicate economic expansion, while negative rates signal a recession.
- GDP growth is a key driver of employment, consumer spending, and business investment.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Annual trend measures the year-over-year change in a country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This key metric provides insights into the pace of economic expansion or contraction, making it a core data point for macroeconomic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated from official GDP figures reported by national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the overall health of the economy and guide decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and revisions of national statistical agencies.
Related Trends
Gross National Income for Austria
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Life Insurance Premium Volume to GDP for Austria
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Infra-Annual Labor Statistics: Employment Female: From 15 to 64 Years for Austria
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Consumer Price Index: Recreation and Culture (COICOP 09): Total for Austria
AUTCP090000IXNBQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Austria
AUTCP040400IXOBM
Business Tendency Surveys: Volume of Stocks: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles: Current for Austria
AUTBRVSLV02STSAM
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP02ATA659S), retrieved from FRED.