Sales: Retail Trade: Total Retail Trade: Volume for Czech Republic
Growth rate same period previous year, Annual
SLRTTO01CZA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.46
Year-over-Year Change
-455.39%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' trend measures the year-over-year change in a specified economic indicator. This metric is a key statistic used by economists and policymakers to assess economic performance 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 compares a given economic indicator, such as GDP or retail sales, to the same period in the previous year. It provides insight into the pace and direction of economic expansion or contraction over a 12-month period.
Methodology
The data is calculated by the relevant statistical agency based on the primary economic indicator.
Historical Context
Policymakers and analysts closely monitor annual growth rates to gauge the overall health of the economy and inform policy responses.
Key Facts
- The growth rate is calculated as a year-over-year percent change.
- Positive values indicate economic expansion, while negative values signal contraction.
- This metric is a leading indicator used to forecast broader economic trends.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' measures the year-over-year change in a specified economic indicator, such as GDP or retail sales.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pace and direction of economic expansion or contraction, which is crucial for assessing the overall health of the economy and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the relevant statistical agency based on the primary economic indicator.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor annual growth rates to gauge economic performance and inform appropriate policy responses.
Q: Are there update delays or limitations?
A: The data is subject to the same update and revision schedules as the underlying economic indicator.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (SLRTTO01CZA659S), retrieved from FRED.