National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Slovak Republic
Growth rate previous period, Annual
NAEXKP06SKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
-96.62%
Date Range
1/1/1998 - 1/1/2024
Summary
The Growth rate previous period, Annual measures the year-over-year change in real GDP. It is a key economic indicator used by policymakers and analysts to assess the overall health and trajectory of the U.S. 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 series provides a longer-term perspective on the country's economic performance, offering insights into the pace and sustainability of economic expansion or contraction. It is a widely followed metric that helps economists and investors evaluate the broader economic climate.
Methodology
The data is calculated based on real GDP figures published by the U.S. Bureau of Economic Analysis.
Historical Context
The growth rate is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. economy grew at an annual rate of 2.4% in 2022.
- Growth rates above 3% are generally considered strong economic performance.
- Negative annual growth rates indicate an economic recession.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Annual measures the year-over-year change in real gross domestic product (GDP), providing insight into the overall pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic health and a crucial input for policymakers, investors, and analysts when assessing the trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated based on real GDP figures published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The annual GDP growth rate is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Bureau of Economic Analysis, and there may be a several-month delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP06SKA657S), retrieved from FRED.