Growth Rate Same Period Previous Year, Annual
PIEAMP02O1A659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.10
Year-over-Year Change
-129.73%
Date Range
1/1/1983 - 1/1/2016
Summary
The Growth Rate Same Period Previous Year, Annual measures the year-over-year change in a given economic indicator. This key metric helps economists and policymakers analyze economic performance and trends.
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 indicator to the same period in the prior year. It provides a standardized way to assess changes over time, controlling for seasonal and other regular patterns.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using standard national accounting techniques.
Historical Context
Policymakers and analysts use this metric to monitor economic conditions and inform policy decisions.
Key Facts
- The growth rate is expressed as a percentage change.
- It can be applied to GDP, consumer spending, industrial production, and other key indicators.
- Annual growth rates help smooth out seasonal variations in the underlying data.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Annual measures the year-over-year change in a given economic indicator, providing a standardized way to assess changes over time.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists and policymakers analyze economic performance and trends, informing policy decisions and market assessments.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using standard national accounting techniques.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor economic conditions and inform policy decisions affecting markets, consumers, and the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but may have revision lags or limitations depending on the underlying indicator being measured.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual (PIEAMP02O1A659N), retrieved from FRED.