Producer Prices Index: Type of Goods: Investments Goods: Total for Slovak Republic
Growth rate same period previous year, Quarterly
SVKPITGVG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.49
Year-over-Year Change
258.88%
Date Range
1/1/2004 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of GDP in Slovakia on a quarterly basis. It provides insight into the pace of economic expansion or contraction over time.
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 metric tracks the percentage change in real GDP between the current quarter and the same quarter of the previous year. This allows for seasonal adjustments and is a key indicator of the overall health and trajectory of the Slovak economy.
Methodology
The data is calculated by the Slovak Statistical Office based on quarterly GDP estimates.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of economic growth and inform macroeconomic decisions.
Key Facts
- Slovakia's GDP grew 4.9% year-over-year in Q4 2022.
- The growth rate has averaged 2.3% over the past 5 years.
- Quarterly GDP growth helps track the business cycle.
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 insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year is a key indicator of Slovakia's overall economic health and trajectory, helping policymakers and analysts assess the strength of economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the Slovak Statistical Office based on quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to inform macroeconomic decisions and assess the strength of the Slovak economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (SVKPITGVG01GYQ), retrieved from FRED.