Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Czech Republic
Growth rate previous period, Quarterly
CZEPITGCG02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.12
Year-over-Year Change
345.67%
Date Range
4/1/1995 - 10/1/2022
Summary
The 'Growth rate previous period, Quarterly' series measures the quarterly percent change in Gross Domestic Product (GDP) compared to the previous quarter. This metric is a key indicator of economic growth and performance.
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 rate of change in the total output of goods and services produced within the United States on a quarterly basis. It is used by economists, policymakers, and analysts to assess the strength and trajectory of the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
The GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- GDP growth averaged 2.3% annually from 2010-2019.
- Quarterly GDP growth reached a record low of -31.2% in Q2 2020 due to the COVID-19 pandemic.
- GDP growth is a primary driver of employment, inflation, and other key economic indicators.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' series measures the percent change in real GDP from one quarter to the next on an annualized basis.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a fundamental indicator of economic health and performance, making this metric highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is released quarterly by the Bureau of Economic Analysis, with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (CZEPITGCG02GPQ), retrieved from FRED.