National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Slovak Republic
Growth rate same period previous year, Annual
NAEXKP06SKA659S • 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
This annual economic indicator measures the growth rate of real GDP compared to the same period in the previous year. It provides insight into the overall pace of economic expansion or contraction.
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, annual metric tracks the year-over-year change in real gross domestic product (GDP). This statistic is widely used by economists and policymakers to assess the trajectory of the broader economy and inform policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive measures of national economic activity.
Historical Context
This indicator helps analysts and institutions understand the business cycle and make informed decisions about fiscal and monetary policy.
Key Facts
- Real GDP grew 2.3% in 2022 compared to 2021.
- The growth rate has averaged 2.5% over the past decade.
- The indicator reached a low of -2.8% during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year growth rate of 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: The growth rate same period previous year, annual metric is a widely followed economic indicator that helps analysts and policymakers assess the trajectory of the broader economy and inform policy decisions.
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 measures of national economic activity.
Q: How is this trend used in economic policy?
A: This indicator helps analysts and institutions like the Federal Reserve understand the business cycle and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately one month, so there may be a short delay in the most recent information.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP06SKA659S), retrieved from FRED.