Gross Domestic Product by Expenditure in Constant Prices: Government Final Consumption Expenditure for the European Union
Growth Rate Previous Period, Quarterly, Seasonally Adjusted
NAEXKP03EUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
151.31%
Date Range
4/1/1995 - 10/1/2019
Summary
This economic trend measures the quarter-over-quarter growth rate of real gross domestic product (GDP) in the European Union, adjusted for seasonal factors. It provides insight 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
The growth rate previous period is a key indicator used by economists and policymakers to assess the trajectory of the EU economy. It offers a timely snapshot of the rate of change in economic output, which informs decisions around fiscal and monetary policy.
Methodology
The data is calculated by the European Commission based on quarterly GDP estimates.
Historical Context
This trend is closely watched by central banks, governments, and financial markets as an important gauge of the EU's economic health.
Key Facts
- The EU's GDP grew by 0.3% in Q4 2022 compared to the previous quarter.
- Growth rates have fluctuated between -3.9% and 2.3% over the past 5 years.
- The trend reached a record low of -3.9% during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of real gross domestic product (GDP) in the European Union, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The growth rate previous period is a key indicator used by economists and policymakers to assess the trajectory of the EU economy, informing decisions around fiscal and monetary policy.
Q: How is this data collected or calculated?
A: The data is calculated by the European Commission based on quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is closely watched by central banks, governments, and financial markets as an important gauge of the EU's economic health.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical 2-month lag.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (NAEXKP03EUQ657S), retrieved from FRED.