National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Hungary
Growth rate same period previous year, Annual
NAEXKP06HUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.98
Year-over-Year Change
75.19%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' trend measures the year-over-year change in real GDP growth. This key economic indicator provides insight into the pace and direction of the overall 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
This annual growth rate metric compares the current year's real GDP to the same period in the prior year, expressed as a percentage change. Economists and policymakers use this trend to analyze the trajectory of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
This growth rate is a widely tracked indicator of macroeconomic performance and is used to inform fiscal and monetary policy decisions.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
- Growth rates can turn negative during recessions, signaling economic contraction.
- Faster GDP growth is generally associated with lower unemployment and rising living standards.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' measures the year-over-year change in real GDP, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This key macroeconomic indicator is widely used by economists, policymakers, and market analysts to assess the overall health and trajectory of the national economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a critical input for monetary and fiscal policy decisions, as policymakers seek to promote stable, sustainable economic expansion.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP06HUA659S), retrieved from FRED.