Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Slovak Republic
Contribution to growth rate, over 1 year, Monthly
SVKCP060000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-59.50%
Date Range
1/1/2010 - 3/1/2025
Summary
This economic trend measures the contribution of Slovakia's real GDP growth rate over a 1-year period on a monthly basis. It provides insights into the drivers of the country's economic performance and is a key indicator for economists and policymakers.
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
The Contribution to growth rate, over 1 year, Monthly trend represents the percentage point contribution of various components to the year-over-year growth rate of Slovakia's real gross domestic product (GDP). This metric helps analysts understand the specific factors driving economic expansion or contraction in the country.
Methodology
The data is calculated by the OECD based on official national accounts statistics.
Historical Context
This trend is widely used by economists, government agencies, and financial institutions to assess Slovakia's economic health and inform policy decisions.
Key Facts
- Slovakia's GDP grew by 2.5% year-over-year in 2022.
- Private consumption contributed 1.9 percentage points to this growth.
- Investment made a 0.3 percentage point contribution.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage point contribution of various components to the year-over-year growth rate of Slovakia's real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the drivers of Slovakia's economic performance, which is crucial for economists, policymakers, and investors in assessing the country's economic health and making informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on official national accounts statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by government agencies, central banks, and international organizations to monitor Slovakia's economic growth and inform policy decisions related to fiscal, monetary, and structural reforms.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of 2-3 months from the reference period.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year, Monthly (SVKCP060000CTGYM), retrieved from FRED.