Gross Domestic Product by Expenditure in Constant Prices: Exports of Goods and Services for the European Union
Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted
NAEXKP06EUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
-39.64%
Date Range
1/1/1996 - 10/1/2019
Summary
This economic trend measures the year-over-year growth rate of real gross domestic product (GDP) in the Eurozone, adjusted for seasonal variations. It provides a key indicator of overall economic performance and growth trajectory.
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 metric tracks the percentage change in real GDP compared to the same quarter in the prior year. This helps economists and policymakers analyze the pace of economic expansion or contraction over time.
Methodology
The data is collected and calculated by the Eurostat statistical agency.
Historical Context
This trend is widely used to inform monetary and fiscal policies aimed at managing economic growth and stability.
Key Facts
- The Eurozone economy grew 3.7% year-over-year in Q2 2022.
- Real GDP growth surpassed pre-pandemic levels in the Eurozone by Q2 2022.
- Quarterly GDP growth has decelerated in 2022 amid rising inflation and geopolitical tensions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real gross domestic product (GDP) in the Eurozone, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year metric provides a key indicator of overall economic performance and growth trajectory in the Eurozone, which is crucial for economic policymaking and investment analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Eurostat statistical agency.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform monetary and fiscal policies aimed at managing economic growth and stability in the Eurozone.
Q: Are there update delays or limitations?
A: There may be some delay in data availability and revisions, as is typical for macroeconomic indicators.
Related Trends
Balance of payments BPM6: Financial account: Other investment: Other investment Net acquisition of financial assets for the European Union
EU28B6FAOI02CXCUQ
Harmonized Index of Consumer Prices: Education, Health, and Social Protection for European Union (28 Countries)
EDUHEAEU28M086NEST
Consumer Price Index: Harmonised prices: Alcoholic beverages, tobacco and narcotics (COICOP 02): Total for the European Union
EU28CPHP0200GPM
Harmonized Index of Consumer Prices: Electricity for European Union (27 Countries from 2020)
CP0451EU272020M086NEST
Harmonized Index of Consumer Prices: Non-Energy Industrial Goods for European Union (27 Countries from 2020)
IGDSXEEU272020M086NEST
Activity Rate: Aged 15-74: All Persons for the European Union
LRAC74TTEUA156N
Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly, Seasonally Adjusted (NAEXKP06EUQ659S), retrieved from FRED.