Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for OECD
Growth rate previous period, Seasonally Adjusted
OECDLFEM24TTGPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.63
Year-over-Year Change
-107.97%
Date Range
4/1/2007 - 7/1/2023
Summary
The 'Growth rate previous period, Seasonally Adjusted' trend measures the quarterly percent change in GDP for the OECD group of countries. This metric is a key indicator of overall economic health and performance.
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 OECD-reported series tracks the quarter-over-quarter growth rate of real gross domestic product (GDP) for the OECD group of developed economies. It provides a high-level view of economic expansion or contraction across a major global economic bloc.
Methodology
The data is calculated based on official national accounts statistics reported by OECD member countries.
Historical Context
Policymakers and analysts closely monitor this GDP growth rate to assess macroeconomic conditions and inform fiscal and monetary policy decisions.
Key Facts
- GDP growth averaged 2.8% across OECD countries in 2022.
- The OECD group accounts for over 60% of global GDP.
- Quarterly GDP growth is a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Seasonally Adjusted' series tracks the quarter-over-quarter percent change in real GDP for the OECD group of developed economies.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a key indicator of overall macroeconomic conditions and performance across major global markets, making it highly relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated based on official national accounts statistics reported by OECD member countries.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this GDP growth rate to assess macroeconomic conditions and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The OECD publishes this data on a quarterly basis, with a delay of several weeks following the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (OECDLFEM24TTGPSAQ), retrieved from FRED.