National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Estonia
Growth rate previous period, Annual
NAEXKP01EEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.26
Year-over-Year Change
-107.11%
Date Range
1/1/1996 - 1/1/2024
Summary
The Growth rate previous period, Annual measures the year-over-year change in real gross domestic product (GDP) for the Euro area. This key economic indicator provides insight into the pace and direction of 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
The Growth rate previous period, Annual is a widely-tracked metric that reflects the percentage change in real GDP compared to the same period in the prior year. It is a crucial barometer of macroeconomic performance and a leading indicator for analysts and policymakers.
Methodology
This data is calculated by the U.S. Federal Reserve based on official GDP figures reported by Eurostat.
Historical Context
The growth rate is closely monitored by central banks, governments, and investors to assess the health of the Euro area economy.
Key Facts
- The Euro area economy grew 3.3% year-over-year in 2022.
- GDP growth averaged 1.8% annually from 2010-2019.
- The growth rate turned negative during the 2008-2009 financial crisis.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Annual measures the year-over-year percentage change in real gross domestic product (GDP) for the Euro area.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of macroeconomic performance and a leading signal for policymakers and investors assessing the health of the Euro area economy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this growth rate based on official GDP figures reported by Eurostat.
Q: How is this trend used in economic policy?
A: Central banks, governments, and market analysts closely monitor the Euro area GDP growth rate to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The growth rate data is typically published on a quarterly basis with a short lag after the reference period.
Related Trends
Bank's Overhead Costs to Total Assets for Estonia
DDEI04EEA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Estonia
CPALTT01EEA659N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Estonia
PRINTO01EEA661N
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Estonia
ESTFCLODCHXDC
Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Estonia
PIEAFD01EEM661N
Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Estonia
LFEACNTTEEQ647N
Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP01EEA657S), retrieved from FRED.