Production: Industry: Total Industry Excluding Construction for Colombia
Growth rate same period previous year
COLPRINTO01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.04
Year-over-Year Change
-91.26%
Date Range
1/1/1991 - 1/1/2025
Summary
The growth rate same period previous year measures the year-over-year change in a given economic indicator. This metric is critical for economists and policymakers to analyze economic trends and fluctuations.
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 growth rate compares the current value of an economic indicator to its value from the same period a year ago. It provides important context on the momentum and direction of economic changes over time, beyond just the raw indicator value.
Methodology
The growth rate is calculated by the U.S. Bureau of Labor Statistics by comparing the current and year-ago values of the underlying economic indicator.
Historical Context
Policymakers and analysts closely monitor these year-over-year growth rates to understand the broader macroeconomic environment and guide policy decisions.
Key Facts
- The growth rate compares the current value to the same period a year ago.
- It provides crucial context on the direction and momentum of economic changes.
- Policymakers use this metric to guide macroeconomic policy decisions.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year tracks the year-over-year change in a given economic indicator, providing important context on the direction and momentum of economic changes.
Q: Why is this trend relevant for users or analysts?
A: This metric is critical for economists and policymakers to analyze broader economic trends and guide policy decisions, beyond just the raw indicator value.
Q: How is this data collected or calculated?
A: The growth rate is calculated by the U.S. Bureau of Labor Statistics by comparing the current and year-ago values of the underlying economic indicator.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor these year-over-year growth rates to understand the macroeconomic environment and inform policy decisions.
Q: Are there update delays or limitations?
A: The growth rate data is published regularly by the Bureau of Labor Statistics, with potential delays depending on the release schedule of the underlying economic indicator.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (COLPRINTO01GYSAQ), retrieved from FRED.