Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Slovak Republic
Contribution to growth rate, over 1 year
SVKCP070000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
-79.64%
Date Range
1/1/2010 - 3/1/2025
Summary
The 'Contribution to growth rate, over 1 year' metric measures the year-over-year change in the contribution of consumption of durable goods to real GDP growth in Slovakia.
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 economic indicator provides insight into the role of consumer demand for durable goods, such as household appliances and vehicles, in driving overall economic expansion or contraction in Slovakia. It is a useful data point for analyzing consumer behavior and its impact on the broader economy.
Methodology
The data is calculated by the Slovak Statistical Office based on national accounts data.
Historical Context
Policymakers and economists monitor this trend to gauge the strength of domestic consumption and its influence on GDP growth.
Key Facts
- Slovakia's contribution to growth rate, over 1 year, was 0.5 percentage points in Q4 2022.
- Durable goods consumption accounted for 7% of Slovakia's GDP in 2021.
- The trend has shown volatility, ranging from -1.3 to 1.1 percentage points over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year change in the contribution of consumer spending on durable goods to real GDP growth in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the strength of domestic demand and its impact on overall economic performance, which is crucial for policymakers and economists analyzing the Slovak economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Slovak Statistical Office based on national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to gauge consumer behavior and its influence on GDP growth, which can inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Slovak Statistical Office, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year (SVKCP070000CTGYM), retrieved from FRED.