National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Czech Republic
Growth rate same period previous year, Annual
NAEXKP07CZA659S • 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 same period previous year, Annual trend measures the year-over-year change in economic growth for a given period. This metric is closely watched by economists and policymakers to assess the overall health and momentum of the 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 statistic compares the current year's economic output to the same period in the prior year, providing insight into the pace and direction of economic expansion or contraction. It is a key indicator used to evaluate macroeconomic performance and guide policy decisions.
Methodology
The data is calculated based on official national accounts statistics reported by government statistical agencies.
Historical Context
Policymakers and analysts monitor this growth metric to inform decisions around monetary, fiscal, and other economic policies.
Key Facts
- The growth rate is measured as a year-over-year percent change.
- This metric helps track the business cycle and identify economic expansions and recessions.
- Annual growth rates are less volatile than quarterly figures, providing a smoother picture of long-term trends.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Annual metric measures the year-over-year change in a country's economic output or gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This growth rate statistic is a crucial indicator of macroeconomic performance, providing insight into the pace and direction of economic expansion or contraction. It informs policy decisions and is closely watched by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated based on official national accounts statistics reported by government statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this growth metric to guide decisions around monetary, fiscal, and other economic policies aimed at promoting stable and sustainable economic expansion.
Q: Are there update delays or limitations?
A: The annual growth rate data is typically published with a lag of several months, as it relies on comprehensive national accounts data. There may also be revisions to historical figures as more complete information becomes available.
Related Trends
Sales: Retail Trade: Car Registration: Passenger Cars for Czech Republic
CZESLRTCR03MLM
Value of Exports to Czech Republic from Connecticut
CTCZEA052SCEN
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total for Czech Republic
ULQEUL01CZQ657S
Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Czech Republic
CP0610CZM086NEST
Production: Industry: Total Industry Excluding Construction for Czech Republic
PRINTO01CZQ659S
Harmonized Index of Consumer Prices: Insurance Connected with Transport for Czech Republic
CP1254CZM086NEST
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP07CZA659S), retrieved from FRED.