Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Norway
Growth rate same period previous year, Quarterly
NORPIEAMI01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.18
Year-over-Year Change
-173.82%
Date Range
1/1/1978 - 10/1/2022
Summary
The 'Growth Rate Same Period Previous Year, Quarterly' metric measures the year-over-year change in nominal personal income. It is a key indicator of consumer spending power and economic growth.
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 metric tracks the annual change in total personal income, which includes wages, salaries, interest, dividends, and government benefits. It provides insight into the overall strength of consumer demand and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the health of the consumer sector and make informed decisions about fiscal and monetary policy.
Key Facts
- Personal income accounts for over two-thirds of U.S. GDP.
- The year-over-year growth rate has averaged 4.5% since 1970.
- Income growth is a leading indicator of consumer spending and overall economic activity.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Same Period Previous Year, Quarterly' metric measures the annual change in total personal income, which includes wages, salaries, interest, dividends, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into consumer spending power and the overall strength of the economy. It is widely used by policymakers, economists, and investors to evaluate economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the consumer sector and inform decisions about fiscal and monetary policy, which can impact employment, inflation, and overall economic growth.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a delay of approximately one month after the end of the reference quarter.
Related Trends
Financial Market: Share Prices for Norway
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Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Norway
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Producer Prices Index: Economic Activities: Industrial Activities: Total for Norway
PIEATI01NOM661N
Pension Fund Assets to GDP for Norway
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Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for Norway
NORLORSGPNOSTSAM
Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Norway
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NORPIEAMI01GYQ), retrieved from FRED.