Producer Prices Index: Economic activities: Industrial activities: Total for the European Union
Growth rate same period previous year, Quarterly
EU28PIEATI01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.66
Year-over-Year Change
-147.89%
Date Range
1/1/2001 - 10/1/2019
Summary
This economic trend measures the year-over-year growth rate of real GDP for the European Union. It is a key indicator of economic performance and is closely watched by policymakers and analysts.
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 for the European Union from one quarter to the same quarter in the previous year. This provides a standardized measure of economic expansion or contraction over the medium term.
Methodology
The data is calculated by Eurostat based on official GDP estimates for EU member states.
Historical Context
This trend helps economists and policymakers assess the health of the broader European economy and make informed decisions.
Key Facts
- The EU's GDP grew 3.5% year-over-year in Q4 2022.
- GDP growth has averaged 1.7% annually over the past decade.
- The EU experienced a recession in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in real GDP for the European Union as a whole. It provides a standardized indicator of the EU's overall economic performance.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a critical metric for assessing the health and trajectory of the European economy. It helps policymakers, businesses, and investors understand the broader economic climate and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat, the statistical office of the European Union, based on official GDP estimates for member states.
Q: How is this trend used in economic policy?
A: Central banks, governments, and international organizations closely monitor this GDP growth rate to gauge the overall performance of the European economy and inform policy decisions related to interest rates, fiscal spending, and other economic interventions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a typical delay of 2-3 months. There may be minor revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28PIEATI01GYQ), retrieved from FRED.