National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Czech Republic
Growth rate previous period, Annual
NAEXKP01CZA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.23
Year-over-Year Change
-260.00%
Date Range
1/1/1997 - 1/1/2024
Summary
The Growth Rate Previous Period, Annual measures the year-over-year percent change in real GDP for China. This indicator provides insights 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
This series represents the annual percent change in China's real gross domestic product from the previous year. It is a key measure of economic growth and a vital data point for economists, policymakers, and analysts to assess the health and trajectory of the Chinese economy.
Methodology
The data is calculated based on official GDP statistics reported by the National Bureau of Statistics of China.
Historical Context
This growth rate trend is closely monitored by international organizations, financial markets, and governments to gauge China's macroeconomic performance.
Key Facts
- China is the world's second-largest economy.
- GDP growth is a key driver of China's economic and social development.
- The growth rate has fluctuated between 6-10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in China's real gross domestic product, providing insight into the pace of the country's economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: China's GDP growth rate is a crucial indicator for assessing the health and trajectory of the world's second-largest economy, making it highly relevant for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP statistics reported by the National Bureau of Statistics of China.
Q: How is this trend used in economic policy?
A: This growth rate trend is closely monitored by international organizations, financial markets, and governments to gauge China's macroeconomic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in the release of the latest data, and the figures are subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP01CZA657S), retrieved from FRED.