International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic
Growth rate same period previous year, Annual, Seasonally Adjusted
XTIMVA01SKA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.21
Year-over-Year Change
-65.44%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the year-over-year growth rate of a variable, adjusted for seasonal factors. It provides insight into the pace of economic changes 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 is a common statistic used to analyze economic time series, as it controls for seasonal fluctuations and gives a clearer picture of underlying trends. Economists and policymakers often reference this metric when evaluating factors like industrial production, consumer spending, and other macroeconomic indicators.
Methodology
The data is calculated by the U.S. Federal Reserve as a year-over-year percent change, with seasonal adjustments.
Historical Context
This growth rate trend is widely used to inform economic policy decisions and market analysis.
Key Facts
- The data is reported on an annual basis.
- Seasonal adjustments control for predictable fluctuations.
- Positive values indicate accelerating growth, negative values indicate deceleration.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in a variable, adjusted for seasonal factors. It provides a clear view of the underlying growth rate over time.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year is a widely-used metric that helps economists and policymakers identify changes in the pace of economic activity, which informs decision-making.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this metric as a year-over-year percent change, with seasonal adjustments applied.
Q: How is this trend used in economic policy?
A: This growth rate trend is referenced by policymakers, economists, and market analysts to gauge the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, with a typical release lag of several months. Users should be aware of this when interpreting the most recent figures.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (XTIMVA01SKA659S), retrieved from FRED.