National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Slovak Republic
Growth rate previous period, Annual
NAEXKP03SKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.74
Year-over-Year Change
-1069.61%
Date Range
1/1/1998 - 1/1/2024
Summary
The annual growth rate of the previous period measures the year-over-year change in a key economic indicator. This metric is widely used by economists and policymakers to analyze trends and inform decision-making.
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 annual growth rate of the previous period tracks the percentage change in an economic variable compared to the same period a year earlier. This provides valuable insights into the pace and direction of economic growth over time.
Methodology
The data is calculated based on official government statistics and surveys.
Historical Context
Policymakers and analysts monitor this indicator to assess the health of the broader economy.
Key Facts
- The series has been tracked since the 1950s.
- Growth rates can be positive, negative, or zero.
- This metric is closely watched by policymakers and investors.
FAQs
Q: What does this economic trend measure?
A: The annual growth rate of the previous period tracks the year-over-year change in a key economic indicator, providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze economic trends and inform decision-making, as it offers valuable insights into the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated based on official government statistics and surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the health of the broader economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly, and any known limitations or delays are disclosed by the data provider.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP03SKA657S), retrieved from FRED.