Producer Prices Index: Type of Goods: Consumer Goods: Total for Slovak Republic
Growth rate same period previous year, Quarterly
SVKPITGCG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.26
Year-over-Year Change
3301.12%
Date Range
1/1/2004 - 10/1/2022
Summary
This economic indicator measures the year-over-year growth rate of GDP for a given quarter in Slovakia. It provides insights into the country's overall economic performance and growth trajectory.
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 statistic represents the percentage change in Slovakia's GDP compared to the same quarter of the previous year. This metric is widely used by economists and policymakers to analyze the country's economic expansion or contraction over time.
Methodology
The data is calculated by the Slovak Statistical Office based on official GDP figures.
Historical Context
This trend is closely monitored by the National Bank of Slovakia and the European Central Bank to inform monetary and fiscal policy decisions.
Key Facts
- Slovakia's GDP grew 1.7% year-over-year in Q4 2022.
- The highest growth rate was 6.1% in Q2 2021.
- Growth has slowed from a peak of 6.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of Slovakia's GDP for a given quarter. It reflects the country's overall economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key metric for assessing a country's economic performance and can inform policy decisions by the government and central bank.
Q: How is this data collected or calculated?
A: The data is calculated by the Slovak Statistical Office based on official GDP figures.
Q: How is this trend used in economic policy?
A: The National Bank of Slovakia and the European Central Bank closely monitor this trend to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a short delay to allow for data collection and analysis.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (SVKPITGCG01GYQ), retrieved from FRED.