National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Switzerland
Growth rate same period previous year, Annual
NAEXKP06CHA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.03
Year-over-Year Change
-103.74%
Date Range
1/1/1981 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' is a key economic indicator that measures the year-over-year change in real GDP. It provides insight into the pace of economic expansion or contraction over the long term.
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 series tracks the percentage change in real GDP compared to the same period in the prior year. It is a widely followed metric that economists use to assess the overall health and trajectory of the national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts data.
Historical Context
Policymakers and market analysts closely monitor this indicator to gauge the strength of economic performance and guide decisions.
Key Facts
- The growth rate reached a high of 6.9% in 2021 as the economy rebounded from the COVID-19 pandemic.
- Negative growth rates indicate an economic recession, such as the -2.8% rate seen in 2020.
- The long-term average annual GDP growth rate in the U.S. is around 3-4%.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' measures the year-over-year percent change in real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the overall pace of economic expansion or contraction, which is closely watched by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive national accounts data.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for policymakers at the Federal Reserve and other institutions when assessing the health of the economy and making decisions on interest rates, fiscal policy, and other interventions.
Q: Are there update delays or limitations?
A: The annual GDP growth rate data is typically released with a lag of several months, as it requires comprehensive economic data collection and analysis.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Switzerland
CHECP120000CTGYM
Business Tendency Surveys: Business Situation: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles: Tendency for Switzerland
CHEBRBUTE02STSAM
Balance of Payments: Services: Revenue for Switzerland
CHEB6CRSE02STSAQ
Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Switzerland
LRIN55TTCHA156N
Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Switzerland
CHEPIEAMI02GPM
Number of Identified Exporters to Switzerland from Nevada
NVCHEA475SCEN
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP06CHA659S), retrieved from FRED.