Production: Construction: Total for Denmark
Growth rate previous period, Annual
PRCNTO01DKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.08
Year-over-Year Change
11.56%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' metric measures the year-over-year change in a given economic indicator, providing insights into the pace of economic growth or contraction.
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 statistic is a widely used indicator that allows economists and policymakers to evaluate the trajectory of the economy. It is often referenced when analyzing trends in areas such as GDP, consumer spending, and industrial production.
Methodology
The data is calculated based on the percentage change between the current year's value and the previous year's value for the specified economic indicator.
Historical Context
Policymakers and market analysts closely monitor annual growth rates to inform decisions around fiscal and monetary policy.
Key Facts
- The annual growth rate can be positive or negative, indicating expansion or contraction.
- This metric is often used to track the performance of key economic sectors like manufacturing, housing, and consumer spending.
- Annual growth rates provide a longer-term perspective compared to monthly or quarterly changes.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' metric measures the year-over-year change in a given economic indicator, providing insights into the pace of economic growth or contraction.
Q: Why is this trend relevant for users or analysts?
A: This annual growth rate statistic is a widely used indicator that allows economists and policymakers to evaluate the trajectory of the economy, often referenced when analyzing trends in areas such as GDP, consumer spending, and industrial production.
Q: How is this data collected or calculated?
A: The data is calculated based on the percentage change between the current year's value and the previous year's value for the specified economic indicator.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor annual growth rates to inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published annually, with some potential delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (PRCNTO01DKA657S), retrieved from FRED.