Gross Domestic Product by Expenditure in Constant Prices: Gross Fixed Capital Formation for the European Union
Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
NAEXKP04EUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.98
Year-over-Year Change
-14.13%
Date Range
1/1/1996 - 1/1/2019
Summary
This economic trend measures the annual growth rate of a country's GDP compared to the same period the previous year. It provides insight into the pace and direction of economic expansion or contraction over time.
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 year-over-year GDP growth rate is a key indicator used by economists and policymakers to assess the overall health and performance of a national economy. It helps identify periods of economic acceleration, slowdown, or recession.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
Analysts and institutions closely monitor this trend to inform economic forecasting, investment decisions, and policy interventions.
Key Facts
- GDP growth rate averaged 2.3% annually from 2010-2019.
- The 2020 GDP growth rate was -3.4% due to the COVID-19 pandemic.
- Positive GDP growth signals economic expansion, while negative growth indicates recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of a country's Gross Domestic Product (GDP) compared to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year GDP growth rate is a key indicator used by economists and policymakers to assess the overall health and performance of a national economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: Analysts and institutions closely monitor this trend to inform economic forecasting, investment decisions, and policy interventions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published quarterly with a short delay, allowing for revisions and updates as more comprehensive information becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (NAEXKP04EUA659S), retrieved from FRED.