Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Slovak Republic
Growth rate previous period, Monthly
SVKCP010000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.76
Year-over-Year Change
-60.01%
Date Range
2/1/1990 - 11/1/2023
Summary
The Growth Rate Previous Period, Monthly measures the month-over-month change in economic output, providing insights into the pace and direction of economic 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 indicator tracks the percentage change in a country's gross domestic product (GDP) from the previous month, offering a timely signal of economic momentum. Economists and policymakers closely monitor growth rates to assess the overall health of the economy.
Methodology
The data is calculated based on official GDP statistics published by national statistical agencies.
Historical Context
Growth rate trends are a key input for monetary and fiscal policy decisions.
Key Facts
- The average monthly growth rate in the U.S. is around 0.2%.
- Negative growth rates signal an economic contraction or recession.
- Growth rates exhibit significant month-to-month volatility.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly measures the month-over-month percentage change in a country's gross domestic product (GDP), providing a timely indicator of economic momentum.
Q: Why is this trend relevant for users or analysts?
A: Growth rate trends are closely watched by economists, policymakers, and market participants as a key signal of the overall health and direction of the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP statistics published by national statistical agencies.
Q: How is this trend used in economic policy?
A: Growth rate trends are a crucial input for monetary and fiscal policy decisions, as policymakers seek to foster sustainable economic expansion.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as the underlying GDP statistics.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (SVKCP010000GPM), retrieved from FRED.