National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Hungary
Growth rate same period previous year, Annual
NAEXKP03HUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.64
Year-over-Year Change
240.90%
Date Range
1/1/1996 - 1/1/2024
Summary
This economic trend measures the annual growth rate of real gross domestic product (GDP) compared to the same period in the previous year. It provides insight into the overall health and momentum of the U.S. 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
The growth rate same period previous year, annual metric tracks the year-over-year percent change in real GDP, which is a comprehensive measure of economic activity. This indicator is closely watched by policymakers, analysts, and investors to assess the trajectory of the economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts statistics.
Historical Context
The growth rate same period previous year, annual figure is a key input for economic forecasting and policy decisions.
Key Facts
- GDP grew 2.4% in 2022 compared to 2021.
- The U.S. economy expanded by 6.9% in Q4 2021 versus Q4 2020.
- Real GDP declined 3.4% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric measures the annual growth rate of real gross domestic product (GDP) compared to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year, annual figure is a key indicator of overall economic health and momentum, providing important context for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts statistics.
Q: How is this trend used in economic policy?
A: The growth rate same period previous year, annual metric is a crucial input for economic forecasting and policy decisions by governments, central banks, and other institutions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with some lag from the end of the reference period.
Related Trends
Employment to Population Rate: All Ages: All Persons for Hungary
LREPTTTTHUQ156S
Infra-Annual Labor Statistics: Employment Female: From 25 to 54 Years for Hungary
LFEM25FEHUQ657S
Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Hungary
BARTERICMP25UPZSHUN
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for Hungary
HUNLORSGPTDSTSAM
Labor Compensation: Earnings: Manufacturing: Hourly for Hungary
LCEAMN01HUQ659S
Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Hungary
HUNSLRTTO01IXOBM
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP03HUA659S), retrieved from FRED.