International Merchandise Trade Statistics: Imports: Commodities for Ireland
Growth rate previous period, Annual, Seasonally Adjusted
XTIMVA01IEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.84
Year-over-Year Change
44.21%
Date Range
1/1/1958 - 1/1/2024
Summary
This economic trend measures the annual growth rate of a specific indicator, adjusted for seasonal variations. It provides insights into the pace of economic expansion or contraction.
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 previous period, annual, seasonally adjusted metric tracks the year-over-year change in an economic variable, accounting for predictable seasonal fluctuations. This indicator is widely used by economists and policymakers to assess the underlying momentum of the economy.
Methodology
The data is calculated based on the percentage change between the current and previous year's values for the same economic indicator.
Historical Context
Analysts and decision-makers rely on this trend to inform economic policy and investment strategies.
Key Facts
- The trend is expressed as a percentage change.
- It is updated on a regular basis by the U.S. Federal Reserve.
- Seasonal adjustment ensures the data reflects underlying economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of a specific economic indicator, adjusted for seasonal variations. It provides insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to assess the underlying momentum of the economy, informing economic policy and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated based on the percentage change between the current and previous year's values for the same economic indicator.
Q: How is this trend used in economic policy?
A: Analysts and decision-makers rely on this trend to inform economic policy and investment strategies, as it provides insights into the pace of economic expansion or contraction.
Q: Are there update delays or limitations?
A: The trend is updated on a regular basis by the U.S. Federal Reserve, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (XTIMVA01IEA657S), retrieved from FRED.