Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
NAEXKP02O1A659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.41
Year-over-Year Change
-23.25%
Date Range
1/1/1962 - 1/1/2016
Summary
This economic indicator measures the year-over-year growth rate of a variable, 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
The growth rate from the same period in the previous year is a widely used metric that allows for meaningful comparisons of economic activity across time, accounting for seasonal fluctuations. This trend is a valuable tool for analyzing economic performance and informing policy decisions.
Methodology
The data is calculated as the percent change between the current value and the value from the same period in the prior year.
Historical Context
Policymakers and analysts closely monitor this metric to assess the strength and trajectory of the economy.
Key Facts
- The growth rate is measured as a percentage change.
- This trend is not seasonally adjusted.
- Annual data is reported for this series.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of a variable, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The growth rate from the same period in the previous year is a widely used metric that allows for meaningful comparisons of economic activity across time, accounting for seasonal fluctuations. This trend is a valuable tool for analyzing economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated as the percent change between the current value and the value from the same period in the prior year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the strength and trajectory of the economy.
Q: Are there update delays or limitations?
A: This series is reported annually and may have some update delays compared to more frequently released economic indicators.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (NAEXKP02O1A659S), retrieved from FRED.