National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Colombia
Growth rate same period previous year
COLNAEXKP02GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.44
Year-over-Year Change
-63.80%
Date Range
1/1/2006 - 1/1/2025
Summary
The 'Growth rate same period previous year' measures the year-over-year change in a specific economic indicator. This trend is a key metric for analyzing economic growth and performance over time.
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 series calculates the percentage change in an economic variable compared to the same period in the prior year. It is widely used by economists, policymakers, and market analysts to understand the trajectory of the economy and guide decision-making.
Methodology
The data is calculated from the original time series using standard statistical methods.
Historical Context
This growth rate trend provides crucial context for interpreting economic conditions and informing policy responses.
Key Facts
- The growth rate is expressed as a percentage change.
- It is calculated for a wide range of economic variables.
- Analyzing this trend is crucial for understanding business cycles.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' measures the percentage change in an economic indicator compared to the same period a year earlier.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the pace of economic growth and performance, which is essential for making informed decisions and policy choices.
Q: How is this data collected or calculated?
A: The data is calculated from the original time series using standard statistical methods.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this growth rate trend to assess the overall health of the economy and guide appropriate policy responses.
Q: Are there update delays or limitations?
A: The data is typically released on a regular schedule, with minimal delays. However, there may be limitations in terms of data availability or revisions for certain economic indicators.
Related Trends
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Other Deposit Takers for Colombia
COLFCBODDLNUM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Colombia
COLCP040400GYQ
Use of Financial Services: Number of Loan Accounts for Households at Other Deposit Takers for Colombia
COLFCNODDHNUM
Consumer Price Index: OECD Groups: Services: Total for Colombia
COLCPGRSE01GPQ
Net migration for Colombia
SMPOPNETMCOL
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Colombia
COLPRINTO01IXOBSAM
Citation
U.S. Federal Reserve, Growth rate same period previous year (COLNAEXKP02GYSAQ), retrieved from FRED.