National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Austria
Growth rate same period previous year, Annual
NAEXKP07ATA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.34
Year-over-Year Change
-461.75%
Date Range
1/1/1989 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' measures the year-over-year change in a country's GDP. This key metric provides insights into the overall health and trajectory of an 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 series represents the percent change in real GDP compared to the same period one year prior. It is a widely used indicator of economic growth, reflecting a country's productive capacity and consumer demand over time.
Methodology
The data is calculated based on official GDP statistics reported by national statistical agencies.
Historical Context
This trend is closely monitored by policymakers, analysts, and investors to assess the strength and direction of economic performance.
Key Facts
- The U.S. GDP growth rate reached a high of 6.9% in 2021.
- GDP growth is a key indicator of a country's economic health.
- Sustained GDP growth is a primary policy goal for most governments.
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 a country's real GDP, providing insights into economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of a country's overall economic performance and is closely tracked by policymakers, businesses, and investors to assess the strength and trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP statistics reported by national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to evaluate the effectiveness of economic policies and make informed decisions to promote sustainable economic growth.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and publication, as the GDP figures are typically released on a quarterly or annual basis by national statistical agencies.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP07ATA659S), retrieved from FRED.