National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Czech Republic
Growth rate previous period, Annual
NAEXKP07CZA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.54
Year-over-Year Change
-79.61%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' metric measures the year-over-year percentage change in real gross domestic product for a given country or region. This key economic indicator is closely watched by policymakers, analysts, and economists to assess overall economic growth and performance.
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 statistic provides insights into the pace of a country's economic expansion or contraction compared to the previous year. It is a widely used indicator for evaluating a nation's economic health and can inform policy decisions, investment strategies, and economic forecasting.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and GDP figures.
Historical Context
This growth rate trend is a critical input for monitoring macroeconomic conditions and informing monetary and fiscal policy.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Positive GDP growth is a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' metric measures the year-over-year percentage change in a country's real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insights into the pace of a country's economic expansion or contraction, which is critical for policymakers, investors, and economists to assess overall economic performance and health.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts and GDP figures.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a crucial input for monitoring macroeconomic conditions and informing monetary and fiscal policy decisions by central banks and governments.
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 relies on comprehensive national accounts data.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP07CZA657S), retrieved from FRED.