National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Estonia
Growth rate same period previous year, Annual
NAEXKP03EEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
-91.54%
Date Range
1/1/1996 - 1/1/2024
Summary
The Growth rate same period previous year, Annual measures the year-over-year change in a specific economic indicator. This metric provides valuable insights into economic trends and is closely monitored by 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 compares the current year's value of an economic variable to the previous year's value for the same time period. It offers a broader perspective on economic performance compared to month-over-month or quarter-over-quarter changes.
Methodology
The data is calculated from the underlying economic series by the U.S. Federal Reserve.
Historical Context
This growth rate trend is widely used to assess the overall health and direction of the economy.
Key Facts
- The growth rate can be positive, negative, or zero.
- It measures the percent change compared to the prior year.
- This metric is a lagging indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Annual measures the percent change in an economic variable compared to the same period in the prior year.
Q: Why is this trend relevant for users or analysts?
A: This annual growth rate provides valuable insights into broader economic trends and the overall direction of the economy, which is crucial for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve from the underlying economic series.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this growth rate to assess the health and trajectory of the economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The annual growth rate data is subject to the same update schedule and potential revisions as the underlying economic series.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP03EEA659S), retrieved from FRED.