Gross Domestic Product by Expenditure in Constant Prices: Gross Fixed Capital Formation for the European Union
Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
NAEXKP04EUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.24
Year-over-Year Change
84.18%
Date Range
1/1/1996 - 10/1/2019
Summary
The 'Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted' measures the year-over-year percent change in GDP for the euro area. This metric is closely watched by economists and policymakers to evaluate 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
This economic indicator tracks the quarterly change in real GDP for the euro area compared to the same quarter in the previous year. It provides a seasonally adjusted measure of year-over-year growth, which helps smooth out volatility and identify underlying trends in the broader economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on quarterly GDP figures reported by Eurostat.
Historical Context
Policymakers and analysts use this metric to assess the health of the euro area economy and inform monetary and fiscal policy decisions.
Key Facts
- The euro area economy grew 4.1% year-over-year in Q4 2022.
- Growth has slowed from a peak of 14.2% in Q2 2021.
- Quarterly GDP expanded 0.1% in Q4 2022 compared to the prior quarter.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in real GDP for the euro area on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The euro area GDP growth rate is a key barometer of the broader economic health and momentum in the eurozone, making it relevant for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on quarterly GDP figures reported by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank and national governments closely monitor this metric to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth in the euro area.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (NAEXKP04EUQ659S), retrieved from FRED.