National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Czech Republic
Growth rate same period previous year, Annual
NAEXKP04CZA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.78
Year-over-Year Change
-28.96%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic indicator measures the annual growth rate of GDP compared to the same period in the previous year. It provides insight into the overall health and trajectory of the 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 series tracks the year-over-year percentage change in GDP. This metric is widely used by economists and policymakers to assess macroeconomic performance and inform economic policy decisions.
Methodology
The data is calculated based on official GDP statistics published by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to gauge the strength of the economy and guide monetary and fiscal policy.
Key Facts
- GDP grew 5.7% in 2021 compared to 2020.
- The U.S. economy contracted 3.4% in 2020 due to the COVID-19 pandemic.
- Positive annual GDP growth is generally seen as a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the annual percentage change in GDP compared to the same period in the previous year. It provides insight into the overall pace of economic growth or contraction.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year GDP growth rate is a widely tracked and influential economic indicator used by policymakers, businesses, and investors to assess the strength and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP statistics published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The annual GDP growth rate is closely monitored by the Federal Reserve and other institutions to gauge the overall health of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There is typically a lag of several months between the end of a calendar year and the release of the final annual GDP growth rate figure.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP04CZA659S), retrieved from FRED.