National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Turkey
Growth rate same period previous year, Annual
NAEXKP03TRA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.17
Year-over-Year Change
-82.74%
Date Range
1/1/1999 - 1/1/2024
Summary
The annual growth rate same period previous year measures the percentage change in a variable compared to the same period a year earlier. This trend is a key indicator of economic performance and can inform policy decisions.
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 metric calculates the year-over-year percent change in a variable, providing insight into the pace and direction of economic growth. Analysts and policymakers use this data to assess economic conditions and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and other economic statistics.
Historical Context
The annual growth rate same period previous year is widely monitored by economists, market participants, and government agencies to gauge the overall health of the economy.
Key Facts
- The metric is annualized and reported quarterly.
- It is a widely followed indicator of economic momentum.
- Year-over-year growth rates can reveal turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The annual growth rate same period previous year measures the percentage change in a variable compared to the same period a year earlier, providing insight into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic performance that informs policy decisions and helps analysts assess the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and other economic statistics.
Q: How is this trend used in economic policy?
A: The annual growth rate same period previous year is widely monitored by economists, market participants, and government agencies to gauge the overall health of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The metric is reported quarterly with the most recent data available for the prior year.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP03TRA659S), retrieved from FRED.