National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Estonia
Growth rate same period previous year, Annual
NAEXKP02EEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.25
Year-over-Year Change
-104.66%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in real gross domestic product (GDP) for the Eurozone. It is a key indicator of overall economic performance and a focus for policymakers and analysts.
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 series provides a standardized measure of Eurozone GDP growth compared to the same period in the prior year. It adjusts for seasonal and calendar variations to show the underlying economic trend.
Methodology
The data is calculated from Eurostat's quarterly real GDP estimates.
Historical Context
This metric is closely watched by the European Central Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Eurozone GDP grew 3.3% in 2021 compared to 2020.
- Growth slowed to 0.7% in Q4 2022 amid economic headwinds.
- GDP growth has averaged 1.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in real gross domestic product (GDP) for the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic performance in the Eurozone and is closely watched by policymakers, economists, and investors to assess the health of the European economy.
Q: How is this data collected or calculated?
A: The data is calculated from Eurostat's quarterly real GDP estimates for the Eurozone.
Q: How is this trend used in economic policy?
A: The annual GDP growth rate is a key input used by the European Central Bank and other institutions to inform monetary and fiscal policy decisions for the Eurozone.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there can be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP02EEA659S), retrieved from FRED.