Producer Prices Index: Economic Activities: Energy: Total for Slovak Republic
Growth rate previous period
SVKPIEAEN01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.51
Year-over-Year Change
-320.67%
Date Range
4/1/2003 - 10/1/2022
Summary
The growth rate previous period measures the quarter-over-quarter percentage change in real GDP for Slovakia. This key indicator provides insight into the pace of economic expansion 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
The growth rate previous period represents the annualized rate of change in Slovakia's real gross domestic product from the prior quarter. Economists closely monitor this statistic to gauge the underlying health and trajectory of the national economy.
Methodology
The data is calculated based on quarterly GDP estimates reported by the Slovak Statistical Office.
Historical Context
Policymakers and financial analysts use this indicator to inform macroeconomic forecasts and make decisions about fiscal and monetary policies.
Key Facts
- Slovakia's GDP grew 2.4% in Q4 2022 compared to the previous quarter.
- GDP growth has averaged 2.1% annually over the past 5 years.
- The growth rate previous period reached a high of 5.6% in Q3 2021.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period measures the quarter-over-quarter percentage change in Slovakia's real gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into the pace of economic expansion or contraction, helping analysts and policymakers assess the health and trajectory of the Slovak economy.
Q: How is this data collected or calculated?
A: The data is calculated based on quarterly GDP estimates reported by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use the growth rate previous period to inform macroeconomic forecasts and make decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth rate previous period (SVKPIEAEN01GPQ), retrieved from FRED.