Producer Prices Index: Type of goods: Durable consumer goods: Total for the European Union
Growth rate previous period, Quarterly
EU28PITGCD01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.39
Year-over-Year Change
193.31%
Date Range
4/1/2000 - 4/1/2020
Summary
This economic trend measures the quarter-over-quarter growth rate of gross domestic product (GDP) in the European Union. It is a key indicator of the region's economic performance and provides insight into the 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 GDP growth rate previous period is a widely followed economic indicator that captures the percentage change in a country or region's total economic output from one quarter to the next. This metric is used by policymakers, analysts, and investors to assess the health and trajectory of the overall economy.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
The GDP growth rate is a crucial input for economic decision-making and policy formulation.
Key Facts
- The EU's GDP grew by 0.4% in Q4 2022.
- The EU's GDP grew by 3.5% in 2022 compared to 2021.
- The EU's GDP is the second-largest in the world after the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of gross domestic product (GDP) in the European Union. It provides a snapshot of the region's economic performance and pace of expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator for policymakers, analysts, and investors to assess the health and trajectory of the overall EU economy. It informs economic decision-making and policy formulation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a key input for economic policymakers in the EU, as it helps guide decisions on monetary and fiscal policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is typically released on a quarterly basis, with a slight delay to allow for data collection and compilation.
Related Trends
Harmonized Index of Consumer Prices: Gardens, Plants and Flowers for European Union (28 Countries)
CP0933EU28M086NEST
Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for European Union (28 Countries)
CP0500EU28M086NEST
Harmonized Index of Consumer Prices: Books for European Union (28 Countries)
CP0951EU28M086NEST
Inactive Population: Aged 15-64: Females for the European Union
LFIN64FEEUQ647N
Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Euro Area (19 Countries)
CP0722EZ19M086NEST
Unemployment Rate: Aged 15-24: Males for the European Union
LRUN24MAEUQ156S
Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (EU28PITGCD01GPQ), retrieved from FRED.