National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Costa Rica
Growth rate same period previous year
CRINAEXKP07GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.67
Year-over-Year Change
-77.18%
Date Range
1/1/1992 - 1/1/2025
Summary
The 'Growth rate same period previous year' trend measures the annual percentage change in a selected economic indicator compared to the same period in the prior year. This metric is widely used by economists and policymakers to analyze economic performance and guide decision-making.
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 economic indicator tracks the year-over-year growth rate of a specific data series, providing insights into the trajectory and momentum of the underlying metric. It is a valuable tool for assessing economic conditions, identifying trends, and evaluating the effectiveness of policy interventions.
Methodology
The growth rate is calculated by comparing the current period's value to the corresponding value from the previous year.
Historical Context
Policymakers and analysts closely monitor this trend to inform economic policy, investment decisions, and forecasting.
Key Facts
- The growth rate can be positive, negative, or zero, indicating expansion, contraction, or stagnation, respectively.
- This metric is calculated for a wide range of economic indicators, including GDP, employment, inflation, and consumer spending.
- Analyzing the growth rate can help identify turning points in the economic cycle and guide policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' trend measures the annual percentage change in a selected economic indicator compared to the same period in the prior year.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze economic performance and guide decision-making, as it provides insights into the trajectory and momentum of the underlying economic data.
Q: How is this data collected or calculated?
A: The growth rate is calculated by comparing the current period's value to the corresponding value from the previous year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to inform economic policy, investment decisions, and forecasting.
Q: Are there update delays or limitations?
A: The timeliness and availability of this data may vary depending on the specific economic indicator being measured.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (CRINAEXKP07GYSAQ), retrieved from FRED.