National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for the Euro Area (19 Countries)
Growth rate previous period, Annual
NAEXKP07EZA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.30
Year-over-Year Change
-14.62%
Date Range
1/1/1996 - 1/1/2022
Summary
The Growth Rate Previous Period, Annual metric measures the year-over-year change in a country's gross domestic product (GDP). This economic indicator is widely used by policymakers and analysts to gauge 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 annual growth rate captures the percentage change in a nation's GDP compared to the same period in the prior year. It provides insight into the trajectory and momentum of the broader economy, which is crucial for economic forecasting, policymaking, and investment decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
Governments and central banks closely monitor GDP growth rates to inform monetary and fiscal policies.
Key Facts
- GDP growth rates can signal economic expansion or contraction.
- Rapid GDP growth is often a priority for policymakers.
- Negative growth rates indicate an economic recession.
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 gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insight into the overall performance and direction of the broader economy, which is crucial for economic forecasting, policymaking, and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: Governments and central banks closely monitor GDP growth rates to inform monetary and fiscal policies aimed at promoting economic stability and prosperity.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the source agency as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP07EZA657S), retrieved from FRED.