National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Czech Republic
Growth rate same period previous year, Quarterly
NAEXKP03CZQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.95
Year-over-Year Change
0.23%
Date Range
1/1/1997 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year change in economic growth, providing insight into the pace and trajectory of the overall economy.
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 annualized quarter-over-quarter percent change in real GDP, a key measure of a country's economic output and health. It is closely monitored by policymakers, analysts, and businesses to understand the broader economic climate and inform decision-making.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics.
Historical Context
The growth rate trend is a vital input for fiscal and monetary policy, as well as market analysis and forecasting.
Key Facts
- The growth rate reached a low of -31.2% in Q2 2020 due to the COVID-19 pandemic.
- Positive growth rates indicate an expanding economy, while negative rates signal a contracting economy.
- The average growth rate from 1947 to 2022 was 3.1%.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year change in real GDP, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This growth rate trend is a key indicator of macroeconomic performance and a vital input for policymakers, businesses, and market analysts when evaluating the health and trajectory of the overall economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics.
Q: How is this trend used in economic policy?
A: The growth rate trend is closely monitored by the Federal Reserve and other policymakers to inform fiscal and monetary policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The growth rate data is released quarterly by the Bureau of Economic Analysis, with a typical delay of several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (NAEXKP03CZQ659S), retrieved from FRED.