National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Portugal
Growth rate previous period, Annual
NAEXKP02PTA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.18
Year-over-Year Change
-159.49%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' metric measures the year-over-year change in real GDP for a specific country or region. This key economic indicator provides insight into the overall health and momentum of the broader economy.
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 statistic compares the current year's real GDP to the previous year, expressed as a percentage change. It is widely used by economists, policymakers, and analysts to evaluate economic performance and growth trends over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Historical Context
Policymakers and investors monitor this indicator to gauge the strength of the economy and inform decisions around fiscal, monetary, and investment strategies.
Key Facts
- The average annual GDP growth rate in the U.S. from 2010-2020 was 2.3%.
- Rapid GDP growth can signal an overheating economy, while slow or negative growth indicates a recession.
- GDP growth is a key factor considered by the Federal Reserve in setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in real GDP, providing insight into the overall pace of economic growth or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of a country's economic health and performance, used by policymakers, investors, and analysts to inform decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and the Federal Reserve monitor GDP growth rates to gauge the overall strength of the economy and make decisions around fiscal, monetary, and other policies.
Q: Are there update delays or limitations?
A: There may be lags of several months before the latest annual GDP growth rate data becomes available.
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Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Portugal
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP02PTA657S), retrieved from FRED.