International Merchandise Trade Statistics: Imports: Commodities for Germany
Growth rate same period previous year
XTIMVA01DEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.00
Year-over-Year Change
-58.63%
Date Range
1/1/1958 - 1/1/2024
Summary
The 'Growth rate same period previous year' measures the year-over-year change in a specific economic indicator. This trend is a key metric used by economists and policymakers to analyze economic performance and growth.
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 series calculates the percent change in an economic variable compared to the same period in the previous year. It provides important context on the pace and direction of economic activity over time.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
This growth rate trend is widely referenced in economic analysis and policy discussions.
Key Facts
- Year-over-year growth rates are more informative than raw data points.
- The growth rate trend can identify acceleration, deceleration, or stagnation.
- This metric is used to monitor economic cycles and guide policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' measures the percent change in an economic indicator compared to the same period in the prior year.
Q: Why is this trend relevant for users or analysts?
A: This growth rate trend provides crucial context on the pace and direction of economic activity, helping to identify acceleration, deceleration, or stagnation in the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Q: How is this trend used in economic policy?
A: The growth rate trend is widely referenced in economic analysis and policy discussions, as it is a key metric used by economists and policymakers to assess economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some delays in reporting depending on the underlying source statistics.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (XTIMVA01DEA659S), retrieved from FRED.