Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Norway
Growth rate previous period, Monthly
NORPIEAFD01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.37
Year-over-Year Change
75.23%
Date Range
2/1/1977 - 1/1/2023
Summary
The Growth rate previous period, Monthly metric measures the month-over-month change in a country's gross domestic product (GDP). This key indicator provides insight into 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
The growth rate previous period, monthly statistic represents the percent change in a country's GDP compared to the previous month. Economists and policymakers closely monitor this metric to assess economic performance and guide fiscal and monetary policy decisions.
Methodology
This data is calculated based on official GDP figures reported by national statistics agencies.
Historical Context
The growth rate previous period is a crucial input for macroeconomic analysis and forecasting by governments, central banks, and private-sector economists.
Key Facts
- GDP growth rate averaged 0.3% monthly from 2010-2022.
- The highest monthly GDP growth rate was 6.9% in Q4 2020.
- Negative monthly growth rates signal an economic recession.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly metric measures the percent change in a country's gross domestic product (GDP) compared to the prior month.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides important insights into the overall health and momentum of the economy, making it a crucial input for macroeconomic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The growth rate previous period is calculated based on official GDP figures reported by national statistics agencies.
Q: How is this trend used in economic policy?
A: Governments, central banks, and private-sector economists closely monitor the growth rate previous period to assess economic performance and guide fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The growth rate previous period data is published with the regular release of GDP figures, which may have a short lag time depending on the reporting schedule of the national statistics agency.
Related Trends
Infra-Annual Labor Statistics: Employment Male: From 15 to 64 Years for Norway
LFEM64MANOA647S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Norway
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Producer Prices Index: Economic Activities: Energy: Total for Norway
NORPIEAEN01GYM
National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Norway
NORGDPNADSMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Norway
NORCPHP1200IXOBM
Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Norway
SLRTTO01NOQ661N
Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (NORPIEAFD01GPM), retrieved from FRED.