National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Costa Rica
Growth rate same period previous year
CRINAEXKP03GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.09
Year-over-Year Change
249.11%
Date Range
1/1/1992 - 1/1/2025
Summary
The 'Growth rate same period previous year' trend measures the year-over-year change in gross domestic product (GDP) for a given country or region. It is a key indicator used by economists and policymakers to assess economic performance and forecast future growth.
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 metric compares the current quarter's GDP to the same quarter in the previous year, providing insight into the pace and trajectory of economic expansion or contraction. It is widely referenced to evaluate a country's economic health and inform policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Historical Context
This trend is closely watched by financial markets, central banks, and government agencies to gauge the underlying strength of the economy.
Key Facts
- The U.S. GDP growth rate in Q4 2022 was 2.9% year-over-year.
- China's GDP growth rate in Q3 2022 was 3.9% year-over-year.
- The Eurozone GDP growth rate in Q4 2022 was 1.8% year-over-year.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' measures the year-over-year change in a country's gross domestic product (GDP), providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and financial markets to assess a country's economic performance and inform decisions about monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP figures.
Q: How is this trend used in economic policy?
A: Central banks, government agencies, and financial institutions closely monitor this trend to gauge the underlying strength of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have a delay of several weeks or months in reporting, depending on the source and the country.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (CRINAEXKP03GYSAQ), retrieved from FRED.