Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Slovak Republic
Quarterly
SVKCP040000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
-81.34%
Date Range
1/1/2003 - 1/1/2025
Summary
The Quarterly trend measures the value of the Slovak Republic's Gross Domestic Product (GDP) on a quarterly basis. This key economic indicator is vital for policymakers and analysts to assess the overall health and growth of the Slovak economy.
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 Quarterly GDP series provides a comprehensive measure of the total economic output of the Slovak Republic, including the value of goods and services produced within the country during a given quarter. It is a widely-used metric for evaluating economic performance and informing policy decisions.
Methodology
The data is collected and calculated by the Statistical Office of the Slovak Republic using internationally standardized national accounting practices.
Historical Context
Quarterly GDP trends are closely monitored by the National Bank of Slovakia, the European Central Bank, and other institutions to gauge the pace of economic activity and inform monetary and fiscal policy.
Key Facts
- GDP grew 2.1% in Q4 2022 compared to Q4 2021.
- Quarterly GDP reached a record high of $23.8 billion in Q2 2022.
- The Slovak economy contracted 4.4% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the total value of goods and services produced in the Slovak Republic on a quarterly basis, which is the definition of Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Quarterly GDP is a key metric used by policymakers, economists, and investors to assess the overall health and growth of the Slovak economy, informing decisions about monetary policy, fiscal policy, and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Statistical Office of the Slovak Republic using internationally standardized national accounting practices.
Q: How is this trend used in economic policy?
A: Quarterly GDP trends are closely monitored by the National Bank of Slovakia, the European Central Bank, and other institutions to gauge the pace of economic activity and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly GDP data is published with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly (SVKCP040000GYQ), retrieved from FRED.