National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Austria
Growth rate same period previous year, Annual
NAEXKP03ATA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.44
Year-over-Year Change
-2855.61%
Date Range
1/1/1989 - 1/1/2024
Summary
The growth rate same period previous year, Annual measures the annual percentage change in the value of a given economic indicator compared to the same period in the previous year. This trend is important for economists and policymakers to analyze long-term economic performance.
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 economic indicator tracks the year-over-year growth rate for various economic measures, such as GDP, industrial production, or consumer prices. It provides a standardized way to assess how an economy is performing relative to the prior year, helping to identify broader trends and inform policy decisions.
Methodology
The U.S. Bureau of Economic Analysis calculates this annual growth rate by comparing the current year's value to the prior year's value for the same period.
Historical Context
Policymakers and analysts use this trend to gauge the overall health and trajectory of the U.S. economy.
Key Facts
- The average annual growth rate from 2010-2020 was 2.1%.
- Growth rates can be negative, indicating an economic contraction.
- This indicator is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, Annual measures the year-over-year percentage change in a given economic indicator, such as GDP or industrial production.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a standardized way to assess long-term economic performance and identify broader growth patterns, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this annual growth rate by comparing the current year's value to the prior year's value for the same period.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to gauge the overall health and trajectory of the U.S. economy, informing decisions on monetary, fiscal, and regulatory policies.
Q: Are there update delays or limitations?
A: This indicator is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP03ATA659S), retrieved from FRED.