Consumer Price Index: Transport (COICOP 07): Total for Czech Republic
Growth rate previous period, Quarterly
CZECP070000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.95
Year-over-Year Change
-37.60%
Date Range
4/1/1995 - 7/1/2023
Summary
The Growth rate previous period, Quarterly indicator measures the quarter-over-quarter percent change in real gross domestic product (GDP). This key economic statistic provides insight into the pace of economic growth and is closely monitored by policymakers.
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 Growth rate previous period, Quarterly metric tracks the percentage change in real GDP from the previous quarter. It is a widely used indicator of overall economic performance and an important input for macroeconomic analysis and forecasting.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics.
Historical Context
This growth rate figure is a vital input for the Federal Reserve and other institutions in assessing the health of the economy and informing monetary and fiscal policy decisions.
Key Facts
- Real GDP grew 2.9% in Q4 2022.
- GDP growth has averaged 2.3% annually over the past decade.
- The growth rate reached a high of 6.9% in Q2 2021 following the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Quarterly indicator measures the quarter-over-quarter percent change in real gross domestic product (GDP), providing insight into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This key economic statistic is closely monitored by policymakers, economists, and market participants as it offers vital insight into the overall health and performance of the U.S. economy.
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 statistics.
Q: How is this trend used in economic policy?
A: The GDP growth rate figure is a crucial input for the Federal Reserve and other institutions in assessing the economy and informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a lag of approximately one month, providing a timely but not real-time snapshot of economic performance.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (CZECP070000GPQ), retrieved from FRED.