National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for OECD
Growth rate same period previous year
OECDNAEXKP02GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.02
Year-over-Year Change
-73.02%
Date Range
1/1/1963 - 1/1/2025
Summary
The 'Growth rate same period previous year' measures the year-over-year change in economic output, a key indicator of a country's 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
This trend tracks the annual percent change in real gross domestic product (GDP) compared to the same quarter in the previous year. It provides a standardized metric for evaluating a nation's economic expansion or contraction over time.
Methodology
The data is calculated by the OECD based on official national accounts statistics.
Historical Context
Policymakers and analysts closely monitor this indicator to assess macroeconomic conditions and inform fiscal and monetary policy decisions.
Key Facts
- GDP growth measures a country's economic expansion.
- Positive growth indicates an expanding economy.
- Negative growth signifies an economic contraction.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' tracks the annual percent change in real gross domestic product (GDP) compared to the same quarter in the prior year.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a standardized metric for evaluating a nation's economic expansion or contraction over time, which is crucial for policymakers and analysts assessing macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on official national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to assess macroeconomic conditions and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly, with some potential delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (OECDNAEXKP02GYSAQ), retrieved from FRED.