Producer Prices Index: Type of goods: Intermediate goods: Total for the European Union
Growth rate same period previous year, Quarterly
EU28PITGIG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.63
Year-over-Year Change
-168.40%
Date Range
1/1/2001 - 4/1/2020
Summary
This economic trend measures the growth rate of Gross Domestic Product (GDP) in the European Union (EU28) compared to the same quarter in the previous year. It provides important insights into the overall health and performance of the EU economy.
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 year-over-year change in GDP, offering a perspective on the pace of economic expansion or contraction. This data point is widely used by economists, policymakers, and analysts to assess the broader macroeconomic environment.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
This indicator helps inform economic and monetary policy decisions at the EU level.
Key Facts
- The EU28 GDP growth rate averaged 1.9% in 2021.
- The highest growth rate in the past decade was 3.1% in 2017.
- GDP growth slowed to 0.7% in Q4 2022 compared to Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of Gross Domestic Product (GDP) in the European Union (EU28) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of the overall health and performance of the EU economy, which is crucial for economic and policy analysis.
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: This GDP growth rate metric informs economic and monetary policy decisions at the EU level, as it provides insights into the pace of economic expansion or contraction.
Q: Are there update delays or limitations?
A: The data is published quarterly by Eurostat, with a typical delay of 2-3 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28PITGIG01GYQ), retrieved from FRED.