Producer Prices Index: Type of Goods: Investments Goods: Domestic for Czech Republic
Growth rate same period previous year, Quarterly
CZEPITGVG02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.48
Year-over-Year Change
467.87%
Date Range
1/1/1995 - 10/1/2022
Summary
The growth rate same period previous year, Quarterly metric tracks the year-over-year percent change in GDP on a quarterly basis, providing insight into the pace of economic growth.
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 metric measures the percent change in real GDP compared to the same quarter of the previous year, adjusting for inflation. It offers economists and policymakers a high-level view of the rate and direction of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on quarterly GDP estimates.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The Q3 2022 GDP growth rate was 3.2% year-over-year.
- This metric helps identify economic turning points and cycles.
- The all-time high growth rate was 33.8% in Q3 2020.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in real gross domestic product (GDP) on a quarterly basis, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and direction of the economy, helping to identify periods of expansion, recession, and recovery.
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 policymakers to inform decisions on interest rates, fiscal policy, and other measures aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published quarterly, 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 (CZEPITGVG02GYQ), retrieved from FRED.