National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Hungary
Growth rate previous period, Annual
NAEXKP04HUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.05
Year-over-Year Change
269.64%
Date Range
1/1/1996 - 1/1/2024
Summary
The Growth rate previous period, Annual measures the year-over-year percent change in real GDP. It is a key indicator of overall economic growth and health used by policymakers and analysts.
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 annual growth rate metric tracks the percentage change in real GDP compared to the previous year. It provides insight into the pace and trajectory of the broader economy, which is essential for economic forecasting and policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Historical Context
This growth rate figure informs monetary and fiscal policy by central banks and governments.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
- Growth slowed to 2.2% in 2019 due to trade tensions and weaker global demand.
- The COVID-19 pandemic caused the U.S. GDP to contract by 3.4% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Annual metric measures the year-over-year percentage change in real GDP, providing insight into the pace of overall economic growth.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a critical indicator used by policymakers, businesses, and economists to assess the health and trajectory of the broader economy, informing decisions around monetary policy, investment, and economic forecasting.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on estimates of real GDP.
Q: How is this trend used in economic policy?
A: The GDP growth rate figure informs monetary and fiscal policy decisions by central banks and governments, as it provides a high-level measure of overall economic performance and direction.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a delay of several weeks. There may be revisions to earlier estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP04HUA657S), retrieved from FRED.