Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Czech Republic
Growth rate same period previous year, Quarterly
CZEPITGCD01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.44
Year-over-Year Change
-3255.52%
Date Range
1/1/2001 - 7/1/2022
Summary
This economic indicator measures the year-over-year growth rate of real gross domestic product (GDP) on a quarterly basis. It is a key metric for analyzing economic performance and trends.
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 same period previous year, Quarterly series tracks the percent change in real GDP compared to the same quarter in the prior year. This provides insight into the pace and direction of overall economic activity over time.
Methodology
The data is calculated based on estimates of real GDP published by the U.S. Bureau of Economic Analysis.
Historical Context
This GDP growth rate is widely used by policymakers, analysts, and businesses to assess the health and trajectory of the U.S. economy.
Key Facts
- The U.S. GDP grew 3.2% year-over-year in Q4 2022.
- Quarterly GDP growth rates can be volatile and subject to revisions.
- Sustained positive year-over-year GDP growth is a sign of economic expansion.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percent change in real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical indicator of overall economic performance and is closely monitored by policymakers, investors, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated based on quarterly real GDP estimates published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions use GDP growth rates to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: Quarterly GDP data can be subject to revisions as more complete information becomes available, and there may be lags in the most recent data releases.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (CZEPITGCD01GYQ), retrieved from FRED.