Gross Domestic Product by Expenditure in Constant Prices: Exports of Goods and Services for the European Union
Growth Rate Previous Period, Quarterly, Seasonally Adjusted
NAEXKP06EUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
-70.57%
Date Range
4/1/1995 - 10/1/2019
Summary
This economic trend measures the quarter-over-quarter growth rate of real Gross Domestic Product (GDP) in the Eurozone, adjusted for seasonal variations. It is a key indicator of economic performance and growth trajectory.
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 Previous Period, Quarterly, Seasonally Adjusted series tracks the pace of economic expansion or contraction in the Eurozone on a quarterly basis. This metric is widely used by economists, policymakers, and market analysts to assess the health and trajectory of the Eurozone economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on GDP figures reported by Eurostat.
Historical Context
This trend is closely monitored by the European Central Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The Eurozone economy expanded by 0.3% in Q4 2022.
- GDP growth averaged 2.1% in the Eurozone during 2022.
- Quarterly GDP growth has been positive for the past 8 quarters.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of real Gross Domestic Product (GDP) in the Eurozone, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The Eurozone GDP growth rate is a critical indicator of the region's economic performance and trajectory, providing valuable insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on GDP figures reported by Eurostat.
Q: How is this trend used in economic policy?
A: The Eurozone GDP growth rate is closely monitored by the European Central Bank and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, 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 Previous Period, Quarterly, Seasonally Adjusted (NAEXKP06EUQ657S), retrieved from FRED.