National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Estonia
Growth rate previous period, Annual
NAEXKP07EEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
-96.27%
Date Range
1/1/1996 - 1/1/2024
Summary
The Growth Rate Previous Period, Annual measures the year-over-year change in gross domestic product (GDP) for a given country. This economic indicator is closely watched by policymakers and analysts to assess overall economic performance and growth trends.
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 series tracks the annual growth rate of real GDP, which is the broadest measure of a country's economic activity and production. The growth rate provides insight into the pace and direction of the economy, helping inform policy decisions and market forecasts.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on GDP figures.
Historical Context
The growth rate is a key input for economic models and is widely referenced in policy discussions and business commentary.
Key Facts
- GDP grew 2.9% in 2022 compared to the prior year.
- The growth rate reached a high of 5.7% in 2021 as the economy recovered from the COVID-19 pandemic.
- Positive growth rates indicate economic expansion, while negative rates signal contraction.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Annual measures the year-over-year change in a country's gross domestic product (GDP), the broadest indicator of economic activity and production.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key economic indicator closely watched by policymakers, businesses, and investors to assess the overall performance and direction of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on GDP figures.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a critical input for economic models and is widely referenced in policy discussions and business commentary to inform decisions and forecasts.
Q: Are there update delays or limitations?
A: The 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 previous period, Annual (NAEXKP07EEA657S), retrieved from FRED.