National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Luxembourg
Growth rate same period previous year, Annual
NAEXKP06LUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.28
Year-over-Year Change
-82.65%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in a specific economic indicator. This provides crucial insights into the trajectory and momentum of the 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 annual growth rate compares the current year's value of an economic variable to the previous year's value for the same time period. It is a widely used indicator that helps economists and policymakers understand the pace of economic expansion or contraction.
Methodology
The data is calculated based on official government statistics and surveys.
Historical Context
This metric is closely watched by analysts to gauge the overall health and direction of the economy.
Key Facts
- The growth rate can be positive, negative, or zero.
- It is a valuable leading indicator of economic performance.
- Annual growth rates are less volatile than quarterly or monthly data.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year change in a specific economic indicator, providing insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: The annual growth rate is a widely used and closely watched indicator that helps economists and policymakers assess the overall health and direction of the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on official government statistics and surveys.
Q: How is this trend used in economic policy?
A: This metric is used by analysts, investors, and policymakers to gauge the economic momentum and inform decision-making.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into economic trends.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP06LUA659S), retrieved from FRED.