National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Hungary
Growth rate same period previous year, Annual
NAEXKP04HUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.05
Year-over-Year Change
269.64%
Date Range
1/1/1996 - 1/1/2024
Summary
This annual economic indicator measures the growth rate of GDP compared to the same period in the previous year. It provides insights into the overall pace and direction 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 GDP growth rate from the same period a year earlier is a key macroeconomic indicator used by economists and policymakers to assess the health and trajectory of the national economy. It helps analyze economic performance and inform policy decisions.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP reporting.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the strength of the economy and inform forecasting and decision-making.
Key Facts
- GDP growth rate was 2.9% in 2022.
- Positive growth indicates an expanding economy.
- This metric is reported quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of the U.S. Gross Domestic Product (GDP), providing insights into the overall pace and direction of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a critical macroeconomic indicator used by economists, policymakers, and market analysts to assess the health and trajectory of the national economy. It helps inform economic forecasting, policy decisions, and investment strategies.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regular GDP reporting.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the GDP growth rate to gauge the strength of the economy and make informed decisions regarding fiscal and monetary policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The GDP growth rate data is reported quarterly by the U.S. Bureau of Economic Analysis, with a short delay to allow for data collection and analysis.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP04HUA659S), retrieved from FRED.