Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Slovak Republic
Growth rate same period previous year
SVKPIEAMI02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.13
Year-over-Year Change
19.81%
Date Range
1/1/1995 - 12/1/2022
Summary
The Growth Rate Same Period Previous Year measures the year-over-year change in an economic indicator, providing insights into the pace of economic growth or decline.
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
This metric compares the current period's value of an indicator to the corresponding value from the previous year, conveying whether the economy is accelerating, decelerating, or maintaining a steady pace of expansion or contraction.
Methodology
The data is calculated by the U.S. Federal Reserve using standard statistical methods.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the underlying strength of the economy.
Key Facts
- The growth rate can be positive, negative, or zero, indicating expansion, contraction, or stagnation.
- Year-over-year growth rates are more stable than month-over-month or quarter-over-quarter changes.
- This metric is widely used to analyze the underlying trajectory of the economy.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year measures the year-over-year change in an economic indicator, providing insights into the pace of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers and analysts to gauge the underlying strength of the economy and the trajectory of growth or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using standard statistical methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the overall health of the economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically released with a short lag, and may be subject to revisions as more complete information becomes available.
Related Trends
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SVKCPHP0300IXOBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Slovak Republic
SVKCP040000GYM
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Slovak Republic
SVKFCBODCLNUM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Slovak Republic
SVKCP020000GYQ
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Slovak Republic
LCEAMN01SKA661N
Infra-Annual Labor Statistics: Employment Female: From 15 to 74 Years for Slovak Republic
LFEM74FESKA647N
Citation
U.S. Federal Reserve, Growth rate same period previous year (SVKPIEAMI02GYM), retrieved from FRED.