Producer Prices Index: Economic activities: Energy: Domestic for the European Union
Growth rate same period previous year, Quarterly
EU28PIEAEN02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-14.91
Year-over-Year Change
-354.58%
Date Range
1/1/2001 - 4/1/2020
Summary
This economic indicator measures the year-over-year growth rate of the European Union's real GDP on a quarterly basis. It provides an important gauge of the overall economic health and trajectory of the EU.
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' tracks the percentage change in the European Union's real gross domestic product (GDP) from one quarter to the same quarter a year earlier. This allows for seasonal adjustments and provides a clear picture of underlying economic trends.
Methodology
The data is calculated based on official GDP statistics reported by Eurostat, the European Union's statistical agency.
Historical Context
This metric is closely watched by policymakers, analysts, and investors to assess the EU's macroeconomic performance and inform economic policy decisions.
Key Facts
- The EU's GDP grew 2.1% year-over-year in Q4 2022.
- Quarterly GDP growth rates vary significantly across EU member states.
- This indicator is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in the European Union's real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The EU's GDP growth rate is a crucial barometer of the region's overall economic health and trajectory, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat based on official GDP statistics reported by EU member states.
Q: How is this trend used in economic policy?
A: The EU's GDP growth rate is a key input for the European Central Bank's monetary policy decisions, as it helps assess the strength of the region's economy and inflationary pressures.
Q: Are there update delays or limitations?
A: Quarterly GDP data is typically published with a lag of 2-3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28PIEAEN02GYQ), retrieved from FRED.