Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Slovak Republic
Contribution to growth rate, over 1 year, Monthly
SVKCP120000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
75.54%
Date Range
1/1/2010 - 3/1/2025
Summary
This economic trend measures the contribution to the growth rate of Slovakia's gross domestic product (GDP) over a 1-year period on a monthly basis. It provides insights into the drivers of Slovakia's economic 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
The Contribution to growth rate, over 1 year, Monthly series tracks the monthly change in the growth rate of Slovakia's GDP compared to the same month a year earlier. This metric is used by economists and policymakers to understand the sources of economic expansion or contraction in Slovakia.
Methodology
The data is calculated based on official GDP figures reported by the Statistical Office of the Slovak Republic.
Historical Context
This trend is a key indicator for assessing the health and direction of the Slovak economy, informing policy decisions and market analysis.
Key Facts
- Slovakia's GDP grew by 2.4% over the past year as of the latest data.
- The services sector was the largest contributor to Slovakia's economic growth.
- Exports remain a key driver of Slovakia's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution to the growth rate of Slovakia's gross domestic product (GDP) over a 1-year period on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the sources and pace of Slovakia's economic expansion or contraction, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP figures reported by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: This trend is a key indicator for assessing the health and direction of the Slovak economy, helping policymakers make informed decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 2-month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year, Monthly (SVKCP120000CTGYM), retrieved from FRED.