National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Portugal
Growth rate previous period, Annual
NAEXKP03PTA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
-132.00%
Date Range
1/1/1996 - 1/1/2024
Summary
The annual growth rate previous period measures the year-over-year change in a key economic indicator. This data point is widely used by economists and policymakers to analyze trends in economic growth.
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 annual growth rate previous period tracks the percent change in a variable compared to the same period in the prior year. This metric is commonly used to smooth out seasonal variations and identify underlying directional trends in the economy.
Methodology
This data is calculated based on official government economic statistics.
Historical Context
The annual growth rate previous period is a critical input for understanding the business cycle and informing economic policy decisions.
Key Facts
- The data is reported on a monthly basis.
- Growth rates can be positive, negative, or flat.
- This metric is a key input for GDP and other composite indicators.
FAQs
Q: What does this economic trend measure?
A: The annual growth rate previous period measures the year-over-year percent change in a key economic variable.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze underlying trends in economic growth and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on official government economic statistics.
Q: How is this trend used in economic policy?
A: The annual growth rate previous period is a critical input for understanding the business cycle and making macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP03PTA657S), retrieved from FRED.