National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Estonia
Growth rate same period previous year, Annual
NAEXKP07EEA659S • 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 same period previous year, Annual' series measures the year-over-year percent change in annual real gross domestic product (GDP) for the Euro area. This key economic indicator provides insight into the overall health and performance of the Eurozone 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 GDP growth rate series compares the current year's real GDP to the previous year, offering a perspective on economic expansion or contraction. It is widely tracked by policymakers, analysts, and investors to assess the broader macroeconomic conditions in the Eurozone.
Methodology
The data is calculated by Eurostat based on official national accounts data.
Historical Context
This GDP growth rate trend is crucial for understanding the business cycle and informing monetary and fiscal policy decisions in the Euro area.
Key Facts
- The Eurozone GDP growth rate averaged 1.7% annually from 2010-2019.
- GDP growth turned negative in 2020 due to the COVID-19 pandemic.
- Stronger GDP growth is associated with increased employment and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This series measures the year-over-year percent change in annual real gross domestic product (GDP) for the Euro area.
Q: Why is this trend relevant for users or analysts?
A: The Eurozone GDP growth rate is a key indicator of the overall health and performance of the European economy, making it crucial for policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat based on official national accounts data.
Q: How is this trend used in economic policy?
A: The GDP growth rate trend is used to inform monetary and fiscal policy decisions in the Euro area, as it provides insight into the business cycle and broader macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is released annually by Eurostat with a slight delay, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP07EEA659S), retrieved from FRED.