National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Luxembourg
Growth rate previous period, Annual
NAEXKP02LUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.31
Year-over-Year Change
-46.11%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' metric measures the year-over-year change in real GDP, providing insight 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 annual growth rate statistic is a key indicator of a country's overall economic performance, with applications in policy analysis, economic forecasting, and investment decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on changes in real gross domestic product.
Historical Context
Policymakers and analysts monitor this trend to gauge the health of the broader economy and inform decisions around monetary and fiscal policies.
Key Facts
- The U.S. GDP growth rate averaged 2.3% annually from 2010-2019.
- Positive GDP growth is generally associated with increased employment and consumer spending.
- GDP growth is a crucial indicator for the Federal Reserve in setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' metric measures the year-over-year change in real gross domestic product (GDP), providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This annual GDP growth rate is a key indicator of a country's overall economic performance, with applications in policy analysis, economic forecasting, and investment decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on changes in real gross domestic product.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the health of the broader economy and inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP02LUA657S), retrieved from FRED.