National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Colombia
Growth rate previous period
COLNAEXKP01GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
-6.13%
Date Range
4/1/2005 - 1/1/2025
Summary
The growth rate previous period, or quarter-over-quarter change, measures the percent change in a economic indicator from the previous reporting period. This metric provides insight into the momentum and trajectory of the 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 is a widely used indicator that captures the short-term change in an economic variable. It compares the current value to the prior period, giving a sense of the speed and direction of economic trends.
Methodology
The growth rate is calculated as the percent change between the current and prior period values.
Historical Context
Policymakers and analysts closely monitor the growth rate to assess the strength and stability of the economy.
Key Facts
- The growth rate can be positive or negative, indicating expansion or contraction.
- It is calculated as the percent change from the prior reporting period.
- The growth rate is a leading indicator of overall economic health.
FAQs
Q: What does the growth rate previous period measure?
A: The growth rate previous period measures the percent change in an economic indicator from the prior reporting period, providing insight into the momentum and trajectory of the economy.
Q: Why is the growth rate relevant for users and analysts?
A: The growth rate is a key metric used by policymakers, economists, and market participants to assess the strength and stability of the economy in the short term.
Q: How is the growth rate data collected and calculated?
A: The growth rate is calculated as the percent change between the current and prior period values of the economic indicator.
Q: How is the growth rate used in economic policy and analysis?
A: Policymakers and analysts closely monitor the growth rate to gauge the health and direction of the economy, informing decision-making and market forecasts.
Q: Are there any limitations or delays in the growth rate data?
A: The growth rate data is usually published with a short lag, reflecting the time required to collect and process the underlying economic indicators.
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Citation
U.S. Federal Reserve, Growth rate previous period (COLNAEXKP01GPSAQ), retrieved from FRED.