Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Estonia
Growth rate same period previous year, Annual
ODCNPI03EEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.41
Year-over-Year Change
-258.28%
Date Range
1/1/1999 - 1/1/2024
Summary
The Growth rate same period previous year, Annual indicator measures the year-over-year change in a selected economic variable. This metric is widely used by economists and policymakers to analyze economic trends and inform policy decisions.
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 series tracks the percentage change in a specific economic indicator compared to the same period in the previous year. It provides insights into the pace and direction of economic activity and helps identify turning points in the business cycle.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
The growth rate is a key input for monetary and fiscal policy analysis and decisions.
Key Facts
- The growth rate can signal economic expansion or contraction.
- Annual growth rates smooth out seasonal fluctuations.
- Policymakers monitor growth rates to gauge the health of the economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percentage change in a selected economic variable, providing insights into the pace and direction of economic activity.
Q: Why is this trend relevant for users or analysts?
A: The growth rate is a key metric used by economists and policymakers to analyze economic trends, identify turning points in the business cycle, and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Q: How is this trend used in economic policy?
A: The growth rate is a crucial input for monetary and fiscal policy analysis and decisions, as policymakers monitor it to gauge the health of the economy.
Q: Are there update delays or limitations?
A: The growth rate data is published on a regular schedule by the Federal Reserve, with occasional delays or revisions due to the underlying data sources.
Related Trends
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Business Tendency Surveys: Business Situation: Economic Activity: Construction: Tendency for Estonia
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Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 24 Years for Estonia
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Estonia
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Harmonized Index of Consumer Prices: Spirits for Estonia
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (ODCNPI03EEA659S), retrieved from FRED.