Producer Prices Index: Economic Activities: Energy: Total for Slovak Republic
Growth rate same period previous year, Quarterly
SVKPIEAEN01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.27
Year-over-Year Change
3692.96%
Date Range
1/1/2004 - 10/1/2022
Summary
This economic indicator measures the year-over-year growth rate of real GDP in Slovakia on a quarterly basis. It provides insights into the pace and direction of the country's economic expansion.
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 annual change in Slovakia's real gross domestic product from one quarter to the same quarter in the previous year. This metric is a key indicator of economic performance and is widely followed by economists, policymakers, and financial analysts.
Methodology
The data is calculated based on quarterly real GDP estimates published by the Statistical Office of the Slovak Republic.
Historical Context
This trend is closely monitored for its implications on monetary and fiscal policy decisions in Slovakia.
Key Facts
- Slovakia's GDP grew 3.1% year-over-year in Q4 2022.
- The quarterly growth rate has averaged 2.7% over the past 5 years.
- GDP growth is a key indicator of the overall health of the Slovak economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real GDP in Slovakia on a quarterly basis, providing insights into the pace of the country's economic expansion.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and investors as a key indicator of Slovakia's overall economic performance and growth trajectory.
Q: How is this data collected or calculated?
A: The data is calculated based on quarterly real GDP estimates published by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: This trend is closely monitored for its implications on monetary and fiscal policy decisions in Slovakia, as it provides insights into the pace and direction of the country's economic expansion.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of 2-3 months after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (SVKPIEAEN01GYQ), retrieved from FRED.