Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Czech Republic
Growth rate same period previous year, Quarterly
CZEPITGCG02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.32
Year-over-Year Change
466.38%
Date Range
1/1/1996 - 10/1/2022
Summary
This economic indicator measures the year-over-year growth rate of GDP on a quarterly basis. It provides insight into the overall pace of economic expansion or contraction.
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 metric tracks the percentage change in real GDP compared to the same quarter in the prior year. This annualized comparison helps analysts identify broad economic trends and assess the health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts statistics.
Historical Context
Policymakers and economists closely monitor this indicator to inform decisions around fiscal, monetary, and economic policies.
Key Facts
- GDP grew 2.6% in Q4 2022 compared to Q4 2021.
- Quarterly GDP growth has averaged 2.3% over the past 5 years.
- The indicator reached a low of -31.2% in Q2 2020 during the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of 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 key measure of the overall health and pace of economic expansion or contraction, making it highly relevant for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to inform decisions around fiscal, monetary, and economic policies aimed at promoting stable and sustainable economic growth.
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 same period previous year, Quarterly (CZEPITGCG02GYQ), retrieved from FRED.