Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Slovak Republic
Growth rate same period previous year, Quarterly
SVKCPGRGO01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.47
Year-over-Year Change
-84.05%
Date Range
1/1/2003 - 1/1/2025
Summary
This economic indicator measures the year-over-year growth rate of gross domestic product (GDP) on a quarterly basis. It provides insight into the overall health and trajectory of the U.S. economy.
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 growth rate same period previous year, quarterly trend tracks the percent change in real GDP compared to the same quarter of the previous year. This metric allows economists and policymakers to analyze economic performance and identify growth patterns over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly GDP estimates.
Historical Context
This indicator is widely used to assess macroeconomic conditions and inform fiscal and monetary policy decisions.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth rates can be volatile and subject to revisions.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percent change in real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key measure of overall economic performance and a leading indicator for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Quarterly GDP growth rates are closely monitored by the Federal Reserve and other policymakers to inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: Quarterly GDP data is subject to revisions, and there can be a 1-2 month delay in the initial release of the growth rate figures.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (SVKCPGRGO01GYQ), retrieved from FRED.