National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Austria
Growth rate same period previous year, Annual
NAEXKP06ATA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.46
Year-over-Year Change
-340.69%
Date Range
1/1/1989 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' trend measures the year-over-year change in real GDP growth, 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 metric tracks the percent change in real GDP compared to the same period in the previous year. It is a key indicator used by economists and policymakers to assess the overall health and direction of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts statistics.
Historical Context
Policymakers monitor this trend to inform decisions on monetary and fiscal policies aimed at promoting economic stability and growth.
Key Facts
- The annual GDP growth rate reached a high of 7.5% in 2021.
- GDP growth slowed to 2.1% in 2022 amid rising inflation.
- Positive GDP growth indicates an expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' measures the year-over-year percent 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 key macroeconomic indicator is closely watched by economists, policymakers, and market analysts to assess the overall health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers monitor this GDP growth trend to inform decisions on monetary and fiscal policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The annual GDP growth data is typically released with a lag of several months by the Bureau of Economic Analysis.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Austria
LFHU24TTATA647N
Harmonized Index of Consumer Prices: Hospital Services for Austria
CP0630ATM086NEST
Sales: Retail Trade: Car Registration: Passenger Cars for Austria
AUTSLRTCR03GYSAM
Real Narrow Effective Exchange Rate for Austria
RNATBIS
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Austria
LFAC64TTATQ647S
U.S. Exports of Goods by F.A.S. Basis to Austria
EXP4330
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP06ATA659S), retrieved from FRED.