Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Luxembourg
Contribution to growth rate, over 1 year
LUXCP110000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
-43.70%
Date Range
1/1/2010 - 4/1/2025
Summary
The 'Contribution to growth rate, over 1 year' trend measures the annual change in the contribution of a component to overall economic growth, providing insights into the factors driving the 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
This metric analyzes how each component of GDP, such as consumer spending, business investment, or net exports, contributes to the overall growth rate of the economy over a 1-year period. It offers a more nuanced understanding of economic performance beyond just the headline GDP figure.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
Economists and policymakers use this trend to assess the relative importance of different economic drivers and identify areas for targeted policy interventions.
Key Facts
- The trend is reported quarterly by the U.S. Bureau of Economic Analysis.
- It measures the percentage point contribution of each GDP component to the overall growth rate.
- Consumer spending is typically the largest contributor to economic growth in the U.S.
FAQs
Q: What does this economic trend measure?
A: The 'Contribution to growth rate, over 1 year' trend measures the annual change in the percentage point contribution of each component of GDP to the overall economic growth rate.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more detailed understanding of the factors driving economic growth, allowing analysts and policymakers to identify the key components contributing to or detracting from overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the relative importance of different economic drivers and identify areas for targeted policy interventions to support or stimulate specific components of the economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical 2-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year (LUXCP110000CTGYM), retrieved from FRED.