Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Luxembourg
Growth rate previous period, Quarterly
LUXPITGND01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.49
Year-over-Year Change
-552.37%
Date Range
4/1/1990 - 10/1/2022
Summary
The Growth rate previous period, Quarterly measures the quarter-over-quarter change in real gross domestic product (GDP) for Luxembourg. This key metric provides insights into the pace and direction of the country's economic growth.
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 economic indicator tracks the percentage change in Luxembourg's real GDP compared to the previous quarter. It is a widely used measure of economic performance and a leading indicator of overall economic conditions.
Methodology
The data is calculated by the OECD based on national accounts statistics.
Historical Context
Policymakers and analysts closely monitor this growth rate to assess the health and trajectory of the Luxembourg economy.
Key Facts
- Luxembourg's GDP grew 0.3% in Q4 2022 compared to the previous quarter.
- The country's economy expanded 2.5% in 2022 compared to 2021.
- GDP growth has averaged 2.6% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter percentage change in Luxembourg's real gross domestic product (GDP), providing insights into the pace of the country's economic growth.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key metric used by policymakers, economists, and investors to assess the health and trajectory of the Luxembourg economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts statistics provided by the Luxembourg government.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this growth rate to inform monetary and fiscal policies aimed at promoting economic stability and growth in Luxembourg.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of one quarter, reflecting the time required to collect and process the underlying national accounts information.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (LUXPITGND01GPQ), retrieved from FRED.