Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Estonia
Annual
CPGRLE01EEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.42
Year-over-Year Change
266.63%
Date Range
1/1/1998 - 1/1/2023
Summary
The Annual trend measures the year-over-year change in real gross domestic product (GDP) for the Euro area. It is a key indicator of economic growth and a focus for policymakers and analysts monitoring the health of the Euro area 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 Annual trend represents the percent change in real GDP from one year to the next for the Euro area. Real GDP adjusts for inflation, providing a more accurate measure of actual economic expansion or contraction. This data point is widely used to assess the broader economic trajectory and performance of the Eurozone.
Methodology
The data is calculated by the U.S. Federal Reserve based on GDP figures reported by Eurostat.
Historical Context
Policymakers and economists closely track the Annual trend to gauge the strength of the Euro area economy and inform macroeconomic policies.
Key Facts
- The Annual trend reached a high of 3.8% in 2017.
- GDP growth in the Euro area slowed to 1.6% in 2019.
- The COVID-19 pandemic caused the Annual trend to contract by 6.4% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in real gross domestic product (GDP) for the Euro area.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of economic growth and performance in the Eurozone, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on GDP figures reported by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the Annual trend to assess the strength of the Euro area economy and inform macroeconomic policies and interventions.
Q: Are there update delays or limitations?
A: The Annual trend data is published quarterly with a short delay, providing a timely but retrospective view of Eurozone economic growth.
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Citation
U.S. Federal Reserve, Annual (CPGRLE01EEA657N), retrieved from FRED.