Producer Prices Index: Type of Goods: Consumer Goods: Total for Slovak Republic
Growth rate previous period, Quarterly
SVKPITGCG01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.04
Year-over-Year Change
-162.51%
Date Range
4/1/2003 - 10/1/2022
Summary
The Growth rate previous period, Quarterly measures the quarter-over-quarter change in gross domestic product (GDP) for Slovakia. This metric is a key indicator of economic growth and helps policymakers assess the health of the national 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 Growth rate previous period, Quarterly tracks the percentage change in Slovakia's GDP from one quarter to the next. This data series is published by the Slovak Statistical Office and is used by economists and analysts to understand the momentum and trajectory of the country's economic performance.
Methodology
The data is calculated based on Slovakia's quarterly GDP figures.
Historical Context
Policymakers and market participants closely monitor this indicator to gauge the overall direction of the Slovak economy.
Key Facts
- Slovakia's GDP grew 1.4% in Q3 2022 compared to the previous quarter.
- The country's GDP expanded by 7.0% year-over-year in Q3 2022.
- GDP growth has slowed from a peak of 2.3% in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Quarterly measures the quarter-over-quarter change in Slovakia's gross domestic product (GDP), a key indicator of the country's overall economic performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, economists, and investors to assess the health and momentum of the Slovak economy. It provides timely insights into the country's economic growth trajectory.
Q: How is this data collected or calculated?
A: The data is calculated by the Slovak Statistical Office based on the country's quarterly GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this indicator to inform their decisions on monetary and fiscal policies aimed at promoting sustainable economic growth.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (SVKPITGCG01GPQ), retrieved from FRED.