Labor Compensation: Earnings: Manufacturing: Hourly for Portugal
Growth rate previous period, Annual
LCEAMN01PTA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.57
Year-over-Year Change
-1593.77%
Date Range
1/1/2001 - 1/1/2023
Summary
The Growth rate previous period, Annual trend measures the year-over-year change in economic variables. It provides insight into the pace of economic growth and is a key metric used 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
This annual growth rate captures the percent change in an economic indicator compared to the same period in the previous year. It is widely used to analyze economic performance and identify trends over time.
Methodology
The U.S. Bureau of Economic Analysis calculates this growth rate from underlying data series.
Historical Context
Policymakers and economists closely monitor annual growth rates to assess the health of the economy and inform decision-making.
Key Facts
- The current annual growth rate is 2.3%.
- Growth rates can signal economic expansion or contraction.
- Annual data provides a longer-term perspective than quarterly figures.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Annual trend measures the year-over-year percent change in an economic indicator, providing insight into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This annual growth rate is a key metric used by policymakers, economists, and analysts to assess economic performance and identify long-term trends.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this growth rate from underlying economic data series.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor annual growth rates to evaluate the health of the economy and inform decisions around macroeconomic policy.
Q: Are there update delays or limitations?
A: This annual data series is subject to the publication schedule of the source agency and may have a delay compared to more frequent economic indicators.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Portugal
PRTCPHP0800GYM
Consumer Price Index: Harmonized Prices: Education (COICOP 10): Total for Portugal
PRTCPHP1000IXEBM
Gross Domestic Product for Portugal
MKTGDPPTA646NWDB
Real Broad Effective Exchange Rate for Portugal
RBPTBIS
Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Portugal
LFWA55TTPTA647N
Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Portugal
CCUSMA02PTQ618N
Citation
U.S. Federal Reserve, Growth rate previous period, Annual (LCEAMN01PTA657S), retrieved from FRED.